August Health has raised $29 million in Series B funding led by Base10 Partners, with participation from General Catalyst, Matrix Partners, Equitage Ventures, the Senior Living Transformation Company, and Stanford University.
With rising demand for senior living, August Health aims to modernize operations with its EHR platform, now used by thousands of communities in the U.S. and Canada. The platform supports move-ins, medication management, care tracking, billing, and analytics.
Communities using August Health have seen a 23% reduction in incidents, a 20% increase in revenue, and identified millions in previously untracked services. Staff report improved care quality and job satisfaction.
The new funding will support further product development, including the launch of August Intelligence, an AI-driven care partner that provides real-time insights and recommendations. Rollout to select operators is scheduled to begin this fall.
KEY QUOTES:
“August Health is redefining senior living technology. They’ve emerged as a frontrunner shaping the future of the industry, providing a modern, data-driven platform that transforms care and operations so that communities can thrive.”
Adam Kaplan, Co-Founder and Partner of Equitage Ventures and CEO and Founder of Solera Living
“As a customer, I’ve seen firsthand the clarity August Health brings to our operations. Now, as an investor, I’m excited about what’s ahead. August Health’s approach to embedded intelligence is elegant and grounded, not built on hype, but on real opportunities to support staff and elevate resident care. They’re thinking about AI in a way that respects both the complexity and humanity of this work, while meeting the day-to-day realities of senior living by helping teams make timely, better-informed decisions.”
Andy Eby, CEO of Senior Living Transformation Company and Bickford Senior Living
