Uniper Care Secures $4 Million in Funding to Combat Loneliness and Isolation among Older Adults

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The Funding Round, Led by Zeev Ventures, includes Mediterranean Towers Ventures and Angel Investors

COVID-19 highlights the importance of using technology to improve the lives of our most vulnerable population – older adults.

Uniper Care, an integrated social engagement and telehealth company focused on older adults, announced today that it closed $4 million in funding to combat the issue of loneliness and isolation among older adults, marking $7 million in funding to date. The funding round was led by Zeev Ventures, a Palo Alto venture capital firm that previously invested in successful high-growth startups like Houzz, TripActions, Hippo Insurance, and Tipalti. Included in the round are Mediterranean Towers Ventures, a strategic investor in early-stage technology companies developing disruptive solutions for aging, and a group of angel investors. The capital will be used to accelerate product development and expand the company’s global sales and marketing efforts. The funding round was completed in April 2020, in the midst of COVID-19.

“COVID-19 highlights the importance of using technology to improve the lives of our most vulnerable population – older adults,” says Oren Zeev, Founding Partner of Zeev Ventures. “We are proud to support the growth of an important innovation that will help older adults stay active physically and mentally, improving their overall health and quality of life.”

Uniper Care transforms a television set or any mobile device into an interactive communication and activity hub where older adults can access live and interactive wellness programs, receive remote health care, and video-communicate with family and friends. The key features of the technology-enabled service include:

  • Evidence-based programs demonstrated to help flatten the loneliness curve among older adults
  • HIPAA-compliant telehealth module that allows older adults to engage remotely with health care professionals using accessible channels like their TV set, tablet or laptop
  • An analytics dashboard that enables health plans and healthcare organizations to assess an individual's health status, risks, and habits
  • A multi-platform, turn-key solution with a whole-person approach to improving Social Determinants of Health (SDoH) for older adults and at-risk population

“Our service can facilitate clinical assessments,” says Rami Kirshblum, CEO of Uniper Care. “Health plans and providers can remotely assess if their members are at risk for depression, anxiety, or a potential fall, so that medical intervention can mitigate these issues at the onset, assuring higher quality of care for older adults.”

Uniper Care partners with health plans, health providers, hospitals, assisted living facilities, non-profits, and government organizations to reduce health care cost for seniors while increasing the quality and accessibility of care. The solution has been deployed across the United States, including with the US Department of Veterans Affairs, to alleviate the loneliness and isolation that older adults and the at-risk population experience during and beyond COVID-19.

“The health and wellbeing of the older adult population is one that is crucial to the healthcare system,” says Dr. Yael Benvenisti, CEO of Mediterranean Towers Ventures. “As the older adult population grows exponentially, now is more important than ever to provide a solution that keeps them active and engaged in a meaningful way. We are honored to be a part of Uniper’s mission to empower older adults to thrive and stay socially active as they grow older.”

About Uniper Care
Uniper Care is an integrated social engagement and telehealth company with a mission to empower older adults to live a healthy and active social life, full of interest and meaning – from the comfort of their home. Uniper Care enables seniors to access remote healthcare, leverage preventive care, communicate with family and friends, and participate in live, interactive programming using a TV set, personal computer, smartphone, or tablet. Providing an end-to-end solution that transforms a TV or mobile device into a window for live engagement, Uniper Care’s tech-enabled service helps older adults combat isolation, reduce loneliness, create collaborative communities, and embrace a healthy lifestyle. To learn more, please visit http://www.unipercare.com.

About Zeev Ventures
Zeev Ventures is a venture capital investment firm based in Palo Alto, CA. The company invests in e-commerce, technology, financial, and consumer service sectors. Having participated in the early investment rounds of several startups which because unicorns, Zeev Ventures focuses on serving early-stage, innovation-focused companies in the United States.

About Mediterranean Towers Ventures
Mediterranean Towers Ventures invests in early-stage technology companies developing disruptive solutions for aging – the fastest growing population segment around the world. The venture capital company is a part of a leading, publicly-traded retirement community chain. For three decades, Mediterranean Towers has dedicated itself to improving and enriching the lives of older adults, bringing vision, expertise and deep knowledge of the aging space to help extraordinary entrepreneurs change the future of aging.

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Irna Hutabarat
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