Rippl, an organization targeted on offering psychological well being options to seniors with dementia and different cognitive circumstances, introduced it closed a $23 million Sequence A funding spherical.
Tina Hoang-To, Kin Ventures’ founding normal accomplice, 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 joined the spherical as properly.
WHAT THEY DO
The corporate provides a dementia care platform that gives sufferers and caregivers with care navigation and coordination companies, counseling, treatment administration, assist teams, instructional content material and different instruments to boost one’s high quality of life.
Rippl additionally provides at-home monitoring to assist predict a affected person’s care wants.
The Seattle-based firm, led by Starbucks veteran Kris Engskov, will use the funds to boost its know-how and develop its value-based care partnerships and geographic footprint.
“Along with our value-based preparations with Medicare Benefit plans, we’re thrilled to be collaborating with main well being techniques like Houston Methodist, Springfield Clinic, St. Luke’s Hospital and Windfall Well being as a part of the CMS GUIDE program to increase our attain. These companions share our deep ardour for bettering high quality of life for folks residing with dementia and their caregivers,” JP Sharp, chief progress officer at Rippl, stated in a press release.
MARKET SNAPSHOT
Rippl launched in 2022 with $32 million in seed funding. On the time, it deliberate to make use of the funds to rent and prepare clinicians, construct its know-how, and open a Washington state-based medical assist middle to launch pilot networks in two areas, beginning in Seattle.
Earlier this 12 months, the corporate introduced it acquired Boston-based Kinto, an AI-enabled dementia caregiver assist and training platform.
Final 12 months, the corporate partnered with Mass Normal Brigham’s McLean Hospital to boost the coaching and improvement of a specialty workforce to look after seniors with dementia and different neurocognitive illnesses.
Different firms targeted on offering digital well being options to the dementia inhabitants embrace Harmonic Well being, a tech-enabled dementia care platform, and Japanese pharmaceutical firm Eisai, which established a brand new digital well being enterprise concentrating on dementia final 12 months.
