Equitage Ventures, an early-stage AgeTech venture capital firm investing in technology-enabled services companies in senior care, announced the final closing of a new $47.3 million fund that will provide capital, distribution, and strategic guidance to entrepreneurs tackling the unmet physical, mental, spiritual, and social needs of older adults.
This is Equitage’s first fund. It is led by an investment team with many decades of experience investing in and operating senior care businesses, including Russell Hirsch (a co-founder of Generator Ventures), Adam Kaplan (CEO of Solera Senior Living), and Daniel Kaplan (an investor who also worked with Generator Ventures).
Equitage’s limited partner expertise spans the care continuum, including senior living and skilled nursing operators, home health and hospice agencies, home care leaders, and corporates from healthcare technology, healthcare real estate, and consumer products.
The firm utilizes this extensive network to connect portfolio companies with key customers, strategic partners, top-tier talent, and seasoned advisors, empowering them to scale rapidly and deliver their needed, impactful solutions to more older adults and families.
The firm is looking to invest in companies that will transform healthcare and is deploying capital into themes where urgently needed, real opportunity, or long-term transformation. This includes compliance infrastructure for senior housing and skilled nursing facilities, documentation automation for home and facility-based care, passive monitoring, oral health, dementia and behavioral health, care navigation, and family caregiving.
This first fund will be targeting early-stage tech and services companies, enabling Equitage to back best-in-class founders and executives operating in markets where the firm believes it can add the most value.
