Top 10 Elder Care Startups to Look Out For in [2023]

Have you ever wondered who is on the list of Elder Care Companies with the highest growth rates?

You’re not alone.

There are hundreds of Elder Care Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 10 fast-growing Elder Care Startups that have top-tier venture capital funding.

What is Elder Care Startups?

Elder care startups are companies that specialize in providing services to seniors, such as home care, assisted living, nursing home care, and other health and wellness services. These startups focus on making it easier for seniors to stay in their homes and live independently for as long as possible. 

They provide technology, products, services, and support to help seniors age in place. Some of these startups also offer additional services, such as transportation, meal delivery, and more.

Top 10 Fastest-Growing Startups In Elder Care

1) Papa

Papa is a website that connects college students with senior adults for companionship and help.

Details of the startup:

• Country: United States
• City: Miami
• Started in: 2017
• Founders: Alfredo Vaamonde, Andrew Parker, Jake Rothstein
• Number of employees: 251-500
• Funding amount: $91,205,000
• Number of funding rounds: 5
• Number of investors: 13

You can find their website here.

2) Devoted Health

Devoted Health is a healthcare organization that specializes in servicing elders and providing them with a health care plan that includes personal advisers and cutting-edge technologies.

Details of the startup:

• Country: United States
• City: Waltham
• Started in: 2017
• Founders: Ed Park, Jeremy Delinsky, Todd Park
• Number of employees: 251-500
• Funding amount: $812,000,000
• Number of funding rounds: 4
• Number of investors: 15

You can find their website here.

3) PointClickCare

PointClickCare creates web-based solutions and services to assist long-term care providers in managing the entire resident care lifecycle.

Details of the startup:

• Country: Canada
• City: Mississauga
• Started in: 1995
• Founders: Dave Wessinger, Mike Wessinger
• Number of employees: 1001-5000
• Funding amount: CA$297,000,000
• Number of funding rounds: 4
• Number of investors: 3

You can find their website here.

4) Homage

Homage is a comprehensive solution that blends cutting-edge technology with the greatest caregivers to allow seniors to age in place with dignity.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2016
• Founders: Gillian Tee, Lily Phang, Nhat Duong Tong
• Number of employees: 11-50
• Funding amount: $15,350,000
• Number of funding rounds: 5
• Number of investors: 12

You can find their website here.

5) Treat at Home

People in need of medical services can interact with authorized healthcare professionals on-demand through a digital healthcare marketplace.

Details of the startup:

• Country: India
• City: Chennai
• Started in: 2018
• Founders: Ajmal Saleem, Dr. Saleem Haniffa
• Number of employees: 11-50
• Funding amount: $105,241
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

6) Mable

Mable is an online marketplace where persons with disabilities and the elderly may identify and employ local caregivers.

Details of the startup:

• Country: Australia
• City: Sydney
• Started in: 2014
• Founders: Peter Scutt, Tony Charara
• Number of employees: 51-100
• Funding amount: A$20,300,000
• Number of funding rounds: 3
• Number of investors: 4

You can find their website here.

7) Nectarine Health

IoT and Machine Learning are transforming geriatric care.

Details of the startup:

• Country: Sweden
• City: Stockholm
• Started in: 2015
• Number of employees: 11-50
• Funding amount: $12,579,564
• Number of funding rounds: 4
• Number of investors: 1

You can find their website here.

8) CareGuide

At Sitter.com, Housekeeper.com, PetSitter.com, ElderCare.com, and HouseSitter.com, CareGuide connects families with caregivers.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2013
• Founders: John Philip Green, Martha Scully
• Number of employees: 11-50
• Funding amount: $13,019,000
• Number of funding rounds: 5
• Number of investors: 56

You can find their website here.

9) Kenbi

A corporation that focuses on outpatient nursing care.

Details of the startup:

• Country: Germany
• City: Berlin
• Started in: 2019
• Founders: Bruno Pires, Clemens Raemy, Katrin Alberding
• Number of employees: 51-100
• Funding amount: € 7,000,000
• Number of funding rounds: 2
• Number of investors: 5

You can find their website here.

10) Triple W Japan

The world’s first toilet timing predictor device is made by Triple W Japan.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2015
• Founders: Atsushi Nakanishi
• Number of employees: 11-50
• Funding amount: ¥1,680,000,000
• Number of funding rounds: 6
• Number of investors: 14

You can find their website here.

FAQs

Is Elder Care Business Profitable?

Yes, elder care business can be profitable. Elder care businesses often provide services such as home health care, home care, and other specialized care for seniors. 

The demand for elder care is growing due to the aging population and the increasing number of seniors in need of assistance. If a business owner is able to provide quality services and build a good reputation, then an elder care business can be very profitable.

What Is The Average Investment In Elder Care?

The average investment in an elder care business can vary greatly depending on the type of business, the size of the business, and the location. Generally, startup costs can range from a few thousand to hundreds of thousands of dollars.