Savoy Life Raises $3M in Pre-Seed Funding

Savoy Life

Savoy Life, a US provider of a virtual care coordination and delivery platform, raised $3m in Pre-Seed funding.

The round was led by Red Cell Partners.

The company intends to use the funds to launch its initial offerings, which include three distinct products described below designed to improve assisted-living operations and empower caregivers to deliver high-quality care.

Founded by Peter Emigh, Savoy Life has emerged from stealth to empower community managers, caregivers, and those closest to residents to deliver comprehensive, personalized care. Through the deployment of virtual care services and innovative technology, it simplifies operations, caregiving, and compliance for LTC community partners so that each and every one of their residents can live the life that matters most to them.

The company offerings include three product. The first product is Savoy On Demand, which delivers an end-to-end, integrated move-in platform to improve occupancy rates and lower cost of acquisition along with a compliance solution to address gaps, improve compliance plans, and reduce administrative burden to community staff. The second, Savoy Clarity, integrates remote sensing and monitoring technology inside communities with AI and a virtual back-office nursing team to help communities identify rising risks, appropriately adjust levels of care, take action to mitigate avoidable adverse events, and extend length of stay to improve occupancy and lower resident turnover. The third, Savoy Care, provides communities with a clinical partner that can quickly and seamlessly fill the care-coordination and care-delivery needs inside any community, including geriatric primary care and geriatric psychiatry.