Funding Overview
TSOLife, a platform focused on resident insights and experiences in senior living, has successfully raised $43 million in a Series B funding round led by PeakSpan Capital. This funding increases the company’s total capital to $52 million.
About TSOLife
TSOLife’s AI-driven platform, Minerva, enhances data collection through embedded analytics, enabling senior living communities to:
- Gather and utilize data for informed decision-making.
- Convert recorded audio interviews into detailed digital resident profiles.
- Analyze profiles to foster potential friendships among residents.
Use of Funds
The newly acquired funds will be allocated to:
- Accelerate product development.
- Enhance AI capabilities.
- Improve customer support.
- Expand the mission of implementing data-driven operational improvements in senior living communities.
CEO Statement
David Sawyer, founder and CEO of TSOLife, stated, “We have demonstrated our ability to enhance the social drivers of health, connection, purpose, and engagement, significantly improving quality of life and extending residents’ length of stay by over six weeks. This funding will help us embed personalized, resident-first support into daily interactions and decisions that shape community life.”
Market Context
Other notable companies in the senior living sector include:
- SafelyYou: Specializes in AI technology for fall detection and prevention, recently raising $43 million in Series C funding.
- UpsideHōM: Offers managed apartments for older adults, securing $2.25 million in seed funding in 2021.
As TSOLife continues to grow, it aims to lead the next generation of technology in senior living, providing operators with the tools necessary to create engaging environments for their residents.