MemoryWell Raises $2.5M in Seed Funding


MemoryWell Inc., a Washington, DC-based digital data platform that promotes person-centered care through life storytelling, raised $2.5m in seed funding.

The round was led by Argon Ventures with participation from social impact funds, strategic health care investors, and experienced backers focused on the applied use of deep-tech solutions including¬†Bob Davoli¬†from¬†Gutbrain Ventures;¬†PBJ Capital¬†and¬†Andy Palmer¬†from¬†Koa Lab;¬†Inflect Health;¬†Pixel Perfect Ventures;¬†One Planet VC¬†and¬†Innovations for Impact.¬†In conjunction with the funding, Andy Feinberg, Managing Partner of Argon Ventures, will be joining MemoryWell’s Board of Directors.

The company will use this funding to scale its platform and to continue to build its predictive social determinants of health AI rating system.

Led by Newton-Small, founder, MemoryWell is a digital data platform that promotes person-centered care through life storytelling. The¬†company has partnered with more than 40 care providers since 2017, working in Alzheimer’s and dementia care, senior living, home care, Medicare Advantage plans, hospice and palliative care. This quarter, MemoryWell is launching large-scale pilots with¬†Prospero Health, a home-based supportive care company, and¬†PCH Mutual¬†Insurance, a national insurer of senior living providers.