Sage, a NYC-based provider of an operations management platform for senior living, raised $35M in Series B funding
The round, which bought the total amount to $59M, was 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 company intends to use the funds to support its team growth, extend its reach to more communities and develop advanced product features.
Led by CEO Raj Mehra, Sage provides a cloud-based operations system for the senior living space, which 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.
FinSMEs
06/12/2024