August Health, a pioneering senior living technology platform, has raised $29 million in a Series B financing round led by Base10 Partners, with participation from existing backers General Catalyst and Matrix Partners, as well as notable new investors: Equitage Ventures, Senior Living Transformation Company, and Stanford University.

A Purpose-Built Platform for Proactive Elder Care

Founded in 2020 by Dr. Justin Schram and Erez Cohen, the latter a former Apple engineering lead, August Health delivers a robust Electronic Health Record (EHR) system purpose-built for senior living communities. The platform serves as a modern system of record across thousands of communities in the U.S. and Canada, streamlining critical operations like:

• Move-Ins: Fully digital intake experiences loved by both families and communities
  
• eMAR: Smarter medication management solutions for clinical teams
  
• Care Track: Mobile-first tools for daily documentation and care delivery
  
• Billing & Payments: Integrated tools to handle administrative processes efficiently
  
• Insights: Analytics and dashboards to guide operations and clinical decision-making
  

Senior living communities using August Health have reported impressive results: a 23% reduction in incidents, 20% increase in revenue, millions in previously untracked care services identified, and an 87% improvement in perceived care quality by staff. Four out of five employees even report higher job satisfaction - a critical win in a sector facing chronic staffing shortages.

It’s in this space between operational efficiency and human empathy where many founders miss a pivotal lesson: the most disruptive tech in mature industries doesn’t win by overwhelming users with complexity, but by removing friction where the pain is deepest. August Health didn’t just build another EHR; they reimagined the workflows caregivers touch dozens of times per day and made them intuitive enough that adoption wasn’t a battle - it was a relief. For founders in any sector, this illustrates a core truth: product-market fit often hides not in the breadth of your features, but in the depth of your problem empathy. The startup didn’t scale by chasing every possible use case; it doubled down on perfecting a few high-impact interactions until they became indispensable. That focus is why their Series B arrived not on the promise of potential, but on the proof of necessity.

August Intelligence: AI That Understands Care

With this new funding, August Health will accelerate the development and rollout of August Intelligence - an AI-enabled care partner embedded directly into its platform. This intelligent layer delivers:

• Real-time, personalized insights
  
• Evidence-based suggestions at the precise moment care teams need them
  
• Clinically relevant summaries and proactive alerts to support timely interventions
  

The initial deployment of August Intelligence is planned for this fall, with select senior living operators primed for early access.

Trusted Backers, Strategic Confidence

Adam Kaplan, Co-Founder of Equitage Ventures and CEO of Solera Living, emphasized August Health’s leadership in transforming senior living through data-driven platforms that enable thriving communities. Andy Eby, CEO of Senior Living Transformation Company (also an investor), praised August Health’s grounded approach to AI - not hype-driven, but focused on empowering caregivers with decision-making support.

What This Means for the Industry

1. Modernizing Care Delivery
   Senior living has reached a turning point. Outdated, reactive practices are giving way to proactive, data-driven strategies that anticipate and prevent rather than respond - thanks to intuitive platforms like August Health.
   
2. AI with a Human Touch
   August Intelligence isn’t replacing caregivers - it’s enhancing them. By delivering timely, customized insights, it helps staff respond more effectively to residents’ needs without sacrificing empathy.
   
3. Scalable Momentum
   The fresh funding positions August Health to scale rapidly - not just geographically, but through deeper integration. From onboarding to analytics, their suite supports operations from intake to payments.
   
4. Resilience in Staffing Challenges
   Amid chronic shortages and burnout in elder care, technology that boosts job satisfaction and quality of care is invaluable. It retains staff and makes operations more sustainable.
   

Looking Ahead: What to Watch

Looking ahead, August Health plans to roll out August Intelligence to early adopters in fall 2025, marking the first step in a broader expansion across senior living communities in the U.S. and Canada. This growth will be accompanied by ongoing product innovation, with a strong focus on advancing predictive analytics and developing AI-driven workflows that further enhance care delivery and operational efficiency.