After helping care for aging family members, Roee Nahir and Dr. Afik Gal started a company to support people as they get older. The startup, which works with long-term care insurance companies to connect seniors to support services, recently raised $18.3 million in funding.
Core Innovation Capital and New Era Capital Partners led the funding round, and reinsurance solutions company Wilton Re participated in the round.
“We learned from direct experience caring for our loved ones that the aging process can introduce a host of worries – from physical health to financial security and emotional wellbeing,” Nahir, the company’s CEO, said in a news release. “We created Assured Allies to address those worries proactively, before they became a problem. In the last three years we have made big strides toward a future in which people are empowered to age on their own terms. And the best is yet to come.”
Assured Allies is headquartered in Boston and Tel Aviv, and was founded in 2017. The company primarily works with long-term care and insurance companies to offer home support services and regular check-ins. It company uses predictive analytics and support from a care ally to come up with personalized care plans.
In May, the company struck a partnership with third-party long-term care payer LTCG. It’s offering policyholders with case management services, fall prevention support and caregiver training.
By the end of the year, Assured Allies expects to have more than 20,000 lives under management.