Virtual dementia care platform, Rippl Care, has secured $23 million in a Series A financing round to advance its platform’s technology using machine learning and artificial intelligence.
Rippl’s latest round was led by Tina Hoang-To, supported by existing investors ARCH Venture Partners, GV (Google Ventures), General Catalyst, F-Prime, 1843 Capital. JSL Health and Mass General Brigham Ventures.
The new capital will help the company expand access to comprehensive mental health support for people with dementia and their families.
Rippl’s successful Series A financing underscores the growing need for accessible, comprehensive, and compassionate dementia care across the United States amid the rising number of people suffering from the mental condition.
Since its founding in 2021 by Robert Nelsen, the mental health company has provided comprehensive care and support to senior citizens, enabling them to get individualized care through an online platform, mobile phones, and in their houses.
Expanding Access to Dementia Care Services
According to a 2023 WHO report, Dementia affects about 55 million people globally, with 10 million new cases reported each year. This trend highlights the need to increase access to care for people with dementia to cope with the growing demand, allowing more seniors to receive the much-needed mental healthcare.
In light of the growing need for support and comprehensive care for dementia patients, Rippl is expanding access to virtual dementia care across the United States. The company entered into an agreement with Alzheimer’s Association® to combine resources and expertise to serve seniors in Washington, Illinois, Missouri, and Texas.
With the new capital infusion, Rippl is working to expand services to other states across the United States, including Arizona, California, and Florida in the next 4 years.