August Health digitizes senior living communities for better care
Senior living communities often rely on paper or legacy systems to manage their operations, making it difficult for healthcare providers to keep track of residents’ needs. August Health is on a mission to change that, with a SaaS system created especially for senior residences. The company has raised a $15 million Series A, led by Matrix Partners and returning investor General Catalyst. The round also included participation from Dan Baty, the founder of Columbia Pacific, and Arine Whitman, founder of Formation Capital. This brings August Health’s total raised so far to $17.6 million.
The company’s vertical SaaS that manages care and compliance for thousands for senior living residents, and it also includes a virtual care platform that enables telehealth visits with physicians. Co-founder Erez Cohen says that about 74% of senior living communities are still run on paper.