Healthy aging
The funding round comes months after the company raised $19.5 million in Series A financing.
The life science company plans to launch its open research tool in 2022.
Baby boomers are less likely to see therapists or psychiatrists, despite the growing need during the pandemic. Telehealth could help lower those barriers to care.
The company said its valuation is now $1.4 billion.
The company said the Series B brings its total raise to $20 million.
Balanced CEO Katie Reed said general virtual fitness platforms may not take seniors’ needs into account, and options geared toward older adults can be too clinical.
LifeBio Memory aims to improve the social and mental health of seniors through reminiscence therapy.
Papa’s care team will coordinate with Uber Health and Papa companions to provide transportation for seniors.
The acquisition builds on Best Buy’s previous investments in senior care and remote patient monitoring.
MindMaze said the funds will allow it to accelerate the commercialization of its rehab tools and expand its brain-repair products.