Assured Allies raises $18.3 million
Boston-based Assured Allies announced the close of its $18.3 million Series A fundraise. New investors Core Innovation Capital and New Era Capital Partners co-led the round, with participation from Wilton Re, a provider of in force and reinsurance solutions. Existing investors LionBird Ventures and Harel Insurance also participated.
Assured Allies claims its platform can predict and shift the aging trajectory, reduce the risk of age-related decline and help people get the most out of life. “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. 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.” – co-founder and CEO Roee Nahir.
The Series A funding will allow Assured Allies to accelerate delivery of its Age Assured program and continue to develop new aging innovations, based on the company’s patent-pending technology for predicting the aging trajectory and its proprietary aging score. Specifically, the company will be introducing an entirely new category of offerings for successful aging that combines wellness with financial products.
“We know so much about how to prevent age-related decline and how to dramatically increase the chances of a longer healthspan – so that we can enjoy a high quality of life into old age. We now also have the technological capacity to apply that knowledge in a way that not only benefits individuals, but that is good for business as well.” – Assured Allies co-founder and Chief Product Officer Afik Gal, MD.
“Addressing successful aging is more than a business imperative. It’s a commitment to creating a better society. Assured Allies is uniquely positioned to bring innovative, tech-driven approaches to market, with the perspective to design solutions that provide value to both consumers and financial partners focused on the retirement years.” – Kat Utecht, Managing Partner, at Core Innovation Capital.
“We believe there will be an economic return as well as a social return on investing in a future in which people can age successfully. Moreover, we were compelled by the progress Assured Allies has made developing an algorithmic approach to predicting the course of aging. We founded our firm based on the belief that technology has the power to create a better future. Assured Allies will be instrumental in bringing that vision to reality.” – Ran Simha, Managing Partner of New Era Capital, the Tel Aviv and Boston-based VC firm.