NEW YORK, Dec. 5, 2024 /PRNewswire/ — Sage, the leading operations management platform for senior living, has raised $35 million in Series B funding led by IVP, with participation from Friends Family Capital and PLUS Capital. Existing investors Maveron, Goldcrest Capital, Distributed Ventures, and ANIMO Ventures also participated.With hundreds of communities across 26 states already benefiting from Sage’s platform, this funding enables Sage to expand its reach across senior living. As the first cloud-based operations system in the senior living space, Sage allows communities to instantly access actionable data, helping them drive better resident care, optimize staffing, and deliver meaningful insights to improve efficiency and quality of life.Purpose-built by people who have had experiences with senior living, Sage is uniquely aware of industry-wide challenges such as an 85% turnover rate for senior living caregiving positions. The Sage operating team’s deep ties to the industry ensures that the platform meets the unique needs of caregivers, operators, and families alike, yielding improved outcomes for residents and reducing staff turnover by an average of 20% in communities using Sage.“At Sage, our goal is to be the operational backbone for all long-term care communities,” says Raj Mehra, Co-Founder and CEO at Sage. “Our platform helps caregivers respond faster—decreasing response times from an average of 20 minutes to under 8 minutes

/PRNewswire/ -- Sage, the leading operations management platform for senior living, has raised $35 million in Series B funding led by IVP, with participation...