Ripple, an organization targeted on offering psychological well being options for seniors affected by dementia and different cognitive illnesses, introduced the completion of a $23 million Collection A funding spherical.
Tina Hoang-To, founding normal associate of Kin Ventures, led the spherical, with participation from the corporate’s seed buyers Normal Catalyst, ARCH Ventures, GV (Google Ventures), Mass Normal Brigham Ventures, F-Prime and 1843 Capital. JSL Well being additionally participated within the spherical.
what do they do
The corporate offers a dementia care platform that gives sufferers and caregivers with care navigation and coordination companies, counseling, treatment administration, assist teams, academic content material and different instruments to enhance individuals’s high quality of life.
Ripple additionally gives in-home monitoring to assist predict affected person care wants.
The Seattle-based firm, led by Starbucks veteran Kris Engskov, will use the funding to boost its expertise and broaden its value-based care partnerships and geographic attain.
“Along with our value-based preparations with Medicare Benefit plans, we’re happy to associate with main well being methods akin to Houston Methodist Hospital, Springfield Clinic, St. Luke’s Hospital and Windfall Well being Middle as CMS GUIDE a part of a plan to broaden our attain.
Market overview
Ripple launches in 2022 $32 million in seed funding. On the time, the corporate deliberate to make use of the funds to rent and practice clinicians, develop expertise, and open a medical assist middle in Washington state, launching a pilot community in two areas beginning in Seattle.
Earlier this yr, the corporate introduced the acquisition of Boston-based Kinto, an AI-powered dementia caregiver assist and training platform.
Final yr, the corporate partnered with Massachusetts Normal Hospital McLean Hospital to boost the coaching and growth of a specialised workforce to look after older adults with dementia and different neurocognitive circumstances.
Different corporations targeted on offering digital well being options for the dementia neighborhood embody Harmonic Well being is a technology-enabled dementia care platform, and Japanese pharmaceutical firm Eisai established a brand new digital well being enterprise for dementia final yr.
