ImpactAlpha, February 1 — The vast majority of the more than 46 million seniors living in the U.S. wish to remain in their homes, rather than going to nursing homes or assisted-living facilities.
Austin-based insurtech startup The Helper Bees has built a network of long-term care and Medicare Advantage insurers to provide tools for aging adults who want to remain living at home. The company’s ‘aging-in-place’ marketplace offers services such as home modifications and pest control for independent seniors.
Chicago-based Impact Engine backed The Helper Bees’ $12.8 million round. Northwestern Mutual Future Ventures and Trust Ventures also participated.
Impact Engine believes Helper Bees has the potential to improve health outcomes and reduce claims and institutionalization rates of seniors from underserved populations.
The Helper Bees provides “a solution that improves the aging process for older adults by focusing on the social determinants of aging,” writes Impact Engine’s Sophia Friedman.