After helping look after aging household members, Roee Nahir and Dr. Afik Gal began a business to support individuals as they grow older. The startup, which works with long-term care insurer to connect elders to support services, recently raised $18.3 million in funding.
Core Innovation Capital and New Era Capital Partners led the funding round, and reinsurance options business Wilton Re took part in the round.
” We discovered from direct experience caring for our liked ones that the aging procedure can introduce a host of concerns– from physical health to financial security and psychological health and wellbeing,” Nahir, the businesss CEO, stated in a press release. “We produced Assured Allies to attend to those concerns proactively, before they ended up being an issue. In the last three years we have actually made huge strides towards a future in which people are empowered to age on their own terms. And the best is yet to come.”
Assured Allies is headquartered in Boston and Tel Aviv, and was established in 2017. The business mostly deals with long-lasting care and insurance coverage companies to offer house assistance services and routine check-ins. It business utilizes predictive analytics and assistance from a care ally to come up with individualized care strategies..
In May, the company struck a collaboration with third-party long-term care payer LTCG. Its offering insurance policy holders with case management services, fall prevention assistance and caregiver training..
By the end of the year, Assured Allies expects to have more than 20,000 lives under management.