Duos Secures $15M in Series A Funding


Duos, a New York-based digital health company, raised $15M in Series A funding.

The round was led by Imaginary Ventures, with participation from Forerunner Ventures, Declaration Partners, and Optum Ventures.

The company intends to use the funds to drive technology advancements, expand operations and its business reach.

Led by CEO Karl Ulfers, Duos is a digital health company on a mission to increase the longevity and independence of older adults building long-term, high trust 1:1 relationships, coordinating community resources, and working with families, health plans and providers to ensure holistic, personalized support.

Its System of Aging uses a mix of technology and the human touch to connect older adults and their caretakers to a network of service providers to help members with their social needs, care navigation needs, and physical aging needs – enabling older adults to receive transportation, food delivery, healthcare appointments and a multitude of additional services. Through interpersonal communication and technology, Duos identifies and addresses the individual needs of older adults by leveraging Medicare benefits, trusted partners, and local service providers. Each member is also assigned a “Duo,” a dedicated person responsible for facilitating the System, providing companionship, and making sure tasks are complete.

To make DUOS accessible to as many people as possible, it has already partnered with health insurance plans including Magellan Healthcare, Geisinger Health Plan, and other national and regional payors and providers in California, Arizona, Nevada, Washington, Oregon, and Georgia. The company plans to announce additional partnerships in 2022.