Sage, an integrated care platform for senior living and skilled nursing facilities, announced it has raised $65 million in Series C funding. The round was led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investors IVP and Goldcrest.
The new funding brings Sage’s total capital raised to $124 million. The company plans to use the investment to expand its AI-powered platform that improves care delivery for older adults while reducing the operational burden on caregivers.
Sage is focused on addressing growing challenges in the senior care sector. More than 40% of U.S. healthcare spending goes toward people over 65, while the caregiving workforce faces major shortages and high turnover. According to industry data cited by the company, the sector is short about 1.8 million licensed caregivers, and turnover rates are near 79%.
The company’s platform is designed to shift senior care from a reactive model to a preventive one. Sage uses AI-driven monitoring and analytics to detect patterns in resident behavior and health signals that could indicate future risks, such as falls or medical decline. The platform analyzes factors such as sleep patterns, nighttime wandering, and bathroom frequency to identify potential issues earlier, so caregivers can intervene sooner.
Sage also aims to streamline workflows for caregivers who often rely on fragmented tools and disconnected systems. The company is centralizing data from electronic health record systems into a unified interface that provides real-time alerts, risk signals, and resident-specific insights at the point of care. The platform integrates with EHR providers, including ALIS, August Health, ECP, PointClickCare, and Yardi.
Another focus area for the funding will be expanding Sage’s capabilities for skilled nursing facilities. These environments often handle residents with the most complex medical needs and operate under strict clinical and regulatory requirements. The company plans to deepen the platform’s functionality to support these high-acuity care settings.
Sage is also investing in the caregiving workforce itself. The company plans to host its inaugural Caregiver Summit in New York City in fall 2026, bringing together frontline caregivers, operators, and industry leaders. The event will feature keynote speakers, professional development sessions, and continuing education opportunities designed to help shape the future of caregiving tools and policies.
Sage’s platform includes Sage Detect, an AI-powered monitoring system designed to provide privacy-conscious visibility into resident activity while helping staff respond more quickly to potential issues. The company says communities using its platform have reported a $275 increase in net operating income per resident per month, a 50% reduction in falls, and response times that are 50% faster than industry averages.
Growth Equity at Goldman Sachs Alternatives, which led the round, invests in growth-stage and technology-driven companies across industries, including enterprise technology, financial technology, consumer sectors, and healthcare.
KEY QUOTES:
“Today, more than 40% of U.S. healthcare spending goes toward people over 65, with care needs becoming increasingly complex and ultimately pushing the caregiving workforce to a breaking point. We cannot solve the country’s caregiving crisis with staffing alone. Every caregiver I talk to says the same thing: current tools are not built for how care actually works, contributing to chaotic environments that fail both caregivers and residents. This investment allows us to put caregivers at the center of innovation — by delivering a platform that provides real-time intelligence, and by convening an inaugural summit to ensure their voices and expertise drive the future of the industry.”
Raj Mehra, Co-Founder And CEO Of Sage
“We are experiencing a structural shift in the senior care market, necessitating a complete modernization of its underlying technology. By shifting the industry from a reactive to a proactive model, Sage is creating the scalable infrastructure to help meet the historic demand of an aging population.”
Antoine Munfa, Managing Director Within Growth Equity At Goldman Sachs Alternatives; Ryan Leary, Vice President Within Growth Equity At Goldman Sachs Alternatives
