After helping to take care of elderly family members, Roee Nahir and Dr. Afik Gal founded a company to support people. The startup partnered with long-term care insurance companies to connect seniors with support services, and recently raised $18.3 million in funding.
Core Innovation Capital and New Era Capital Partners led this round of financing, and reinsurance solutions company Wilton Re participated in this round of financing.
“We know from direct experience of caring for relatives that the aging process brings a series of worries-from physical health to financial security and emotional health,” the company’s chief executive Nasher said in a press conference. “We created Assured Allies to proactively address these concerns before they become problems. In the past three years, we have taken a big step towards a future where people have the right to age in their own way. And the best It’s still to come.”
Assured Allies is headquartered in Boston and Tel Aviv and was established in 2017. The company mainly works with long-term care and insurance companies to provide family support services and regular stays. The company uses predictive analytics and the support of care allies to develop personalized care plans.
In May of this year, the company established a partnership with the third-party long-term care payment agency LTCG. It provides case management services, fall prevention support and nursing staff training for policyholders.
By the end of this year, Assured Allies is expected to manage more than 20,000 lives.
