Equitage Ventures Closes Inaugural $47.3 Million Tech Investment Fund

Equitage Ventures, a venture capital firm focused on the senior care and healthcare sectors, has announced the final close of its inaugural $47.3 million tech investment fund, backed by a coalition of senior living industry leaders and healthcare stakeholders154. The fund aims to accelerate the growth of innovative technology companies serving operators across the senior living continuum.

The investment team behind Equitage Ventures includes Adam Kaplan, CEO of Solera Senior Living; Russell Hirsch, co-founder of Generator Ventures; and Daniel Kaplan, an experienced AgeTech investor. Their collective expertise spans decades in senior care operations, healthcare venture capital, and technology-enabled services.

What sets this fund apart is its unique network of limited partners (LPs), which includes executives from senior living and skilled nursing operators, home health and hospice agencies, home care leaders, a publicly traded healthcare technology company, a healthcare REIT, and a major Japanese conglomerate15. These LPs are not just financial backers but also serve as strategic partners, providing product feedback, market insights, and go-to-market support to portfolio companies.

Equitage Ventures is positioning itself as “more than capital,” offering not only funding but also distribution and strategic guidance to early-stage entrepreneurs. The fund will target investments ranging from $250,000 to $2.5 million in companies addressing critical needs in the senior care sector, such as:

• Compliance infrastructure for senior housing and skilled nursing facilities

• Documentation automation for home health and facility-based care

• Passive monitoring technologies

• Oral healthcare delivery

• Dementia and behavioral health solutions

• Care management and navigation services

• Family caregiving support

  
  

The firm’s strategy is deeply informed by the “voice of the customer,” leveraging its LP network to ensure investments are aligned with the real-world needs of senior living and healthcare operators1. This approach is designed to help operators navigate the increasingly crowded and complex landscape of senior living technology, where distinguishing viable solutions from unproven products is a growing challenge.

The launch of Equitage’s fund comes at a pivotal time for the senior living industry, which is undergoing rapid technological transformation to meet the demands of the baby boomer generation and adapt to value-based care models. With Medicare Advantage capitation rates rising and CMS pushing for all Medicare fee-for-service beneficiaries to be in accountable care organizations by 2030, the need for sophisticated tech solutions is greater than ever.

Equitage Ventures has not yet announced specific investments from the new fund but reports a “healthy pipeline” of potential portfolio companies. The firm’s leadership emphasizes that this is just the beginning, with plans to deploy capital over the next several years before considering a successor fund.

“We started something, and we’re not finished. We’re really at the starting line now,” said Daniel Kaplan, underscoring the fund’s long-term commitment to transforming senior care through technology.