SafelyYou, a leader in empowering safer and more person-centered care across senior living through AI, industry-changing hardware, and remote expert clinicians, announced the closing of a $43 million Series C financing round led by Touring Capital. This funding fuels SafelyYou’s ability to help solve critical challenges in senior care, including how accurately and efficiently operators can predict residents’ care needs. Foundation Capital, Omega Healthcare Investors, Founders Fund, Cross Creek, Samsung Next, and Qualcomm Ventures also contributed to the funding round. This brings the total funding raised by SafelyYou to $100+ million.
Launched in 2016 by George Netscher, SafelyYou launched its first product, SafelyYou Respond, to address falls in memory care, as those with cognitive decline fall twice as often as those without. Falls can be the beginning of severe health decline for seniors and are the leading cause of both fatal and non-fatal injuries for those over 65. SafelyYou Respond is proven to reduce falls by 40% and fall-related ER visits by 80%, improving resident outcomes and reducing costs for families and communities. SafelyYou is trusted by 50% of the industry’s largest providers.
Building on the success of its original world-leading AI solution, SafelyYou now offers a suite of products to address resident well-being, staffing challenges, and accuracy in billing for operators. This new round of funding will help support the expansion of these products, including SafelyYou Clarity, offering senior living’s first and only choice for accurate care measurement without wearables, and SafelyYou Aware, which utilizes the company’s unique dataset to provide unprecedented insight into resident wellness, significantly improving outcomes. Additionally, SafelyYou will use data to help operators predict residents’ care needs, making care delivery in the industry more efficient and effective than ever before.
This funding round comes on the heels of significant successes for SafelyYou as leading providers StoryPoint Senior Living, Benchmark Senior Living, Midwest Health, and Senior Star have added the company’s services to their offerings. And SafelyYou has also recently released a landmark three-year study proving that SafelyYou Respond increases the length of stay by an average of more than four months for residents. These results significantly reduce turnover for operators and demonstrate for the first time a correlation between fall risk reduction and better occupancy rates in senior care.
KEY QUOTES:
“SafelyYou has helped us create better outcomes for our residents. We firmly believe SafelyYou will become an industry norm, and we’re leading the way in this improved quality of care. From our vantage point, predictive technology like what SafelyYou is currently creating will transform senior living, and we want to be an integral part of that change.”
- Justin Skiver, President of Senior Care at ProMedica
“We’re so grateful for this funding at a critical juncture in care delivery for senior living, when SafelyYou’s solutions are more important than ever. I started this company to help my mom and to help so many families like ours who have a loved one living with dementia. And we’ve grown to provide broader care support in senior living. Now, at a time when resident acuity is increasing, care demands are greater, and staffing continues to be a crisis, we’ll be able to empower operators to predict care needs with unmatched speed and accuracy, revolutionizing how senior care is provided.”
- SafelyYou founder and CEO George Netscher
“SafelyYou is revolutionizing senior living care by addressing one of the industry’s most critical challenges—predictive care for an aging population. Their innovative suite of AI-powered solutions, from fall prevention to care measurement, demonstrate unmatched precision and impact, driving key outcomes like extended resident stays and improved operational efficiencies. We’re excited to support their mission as they redefine the standard for care and wellness in senior living communities.”
- Nagraj Kashyap, co-founder and general partner at Touring Capital
