Sage, an operations management platform for senior living, has raised $35 million in Series B funding led by IVP, with participation from Friends & Family Capital and PLUS Capital. Existing investors Maveron, Goldcrest Capital, Distributed Ventures, and ANIMO Ventures also participated.
The fresh funds will be used to extend its reach to more communities and develop advanced product features.
The $35 million Series B brings Sage’s total capital raised to $59 million, building on the $15 million Series A secured last year.
“At Sage, our goal is to be the operational backbone for all long-term care communities. Our platform helps caregivers respond faster—decreasing response times from an average of 20 minutes to under 8 minutes. Those minutes save lives: we helped operators triage 1.3 million care events this year alone. We also provide real-time insights into caregiver activity, which previously wasn’t possible. This operational visibility allows communities to improve staffing and reward exceptional caregivers. Ultimately, Sage helps senior living operators do good and do well, creating thriving environments where both residents and caregivers feel valued,” said Raj Mehra, Co-Founder and CEO at Sage.
“Sage is tackling a big challenge as our population ages: easing the growing demands in the understaffed senior living industry. Caregivers and senior living operators rave about Sage because they’re bringing caregiving into the 21stcentury, with technology to speed up life-saving care, data to facilitate better operations, and a modern platform that caregivers enjoy using. We’re partnering with Sage because this team is making a meaningful difference in the lives of caregivers and residents – and they’re just getting started,” said Eric Liaw, General Partner at IVP.
Founded in 2020 by Raj Mehra, Matt Lynch and Ellen Johnston, Saga is a cloud-based operations system in the senior living space that allows communities to instantly access actionable data, helping them drive better resident care, optimize staffing, and deliver meaningful insights to improve efficiency and quality of life.
Sage has launched numerous features that elevate senior living operations, from intuitive caregiver tools enabling accurate, efficient care documentation to real-time insights that power smarter, more proactive operations.
