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The Venture Codex

Third Act Ventures

45 West 36th Street, 6th Floor, New York, NY, 10018, United States

Overview

Third Act Ventures is an early-stage venture firm investing in Agetech - technology for older adults and their caregivers.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
1

Sector focus

  • Assisted Living
  • Elder Care
  • Elderly
  • Financial Services
  • Health Insurance
  • Home Health Care
  • Nursing and Residential Care
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Investment portfolio

  • Pear Suite

    Participated · Seed · May 2023

    Founded in 2021, Pear Suite offers an AI-enabled software platform and wrap-around services that equip community health workers (CHWs), community-based organizations, and health plans with tools for care coordination, reimbursement, and data insights. The product lets CHWs use their lived experience to close care gaps and address social determinants of health while unlocking sustainable Medicaid and Medicare payments. Beyond software, Pear Suite is building a national provider network that already connects more than 300 provider organizations with over 25 health plans. The company has empowered 2,500+ CHWs, promotores, doulas, and other frontline workers to deliver trust-based interventions. With its new funding, management plans to increase the size of this provider network tenfold, deepen Medicaid relationships, and expand aggressively into Medicare contracts. The ultimate goal is to cement CHWs as a foundational part of U.S. healthcare by supplying the contracting, clinical, and claims infrastructure they need to thrive. While the company has not disclosed revenue figures, it recently strengthened its balance sheet with a $7.6 million Series A round.

  • Caspar.AI

    Participated · Equity · Sep 2021

    Caspar.AI builds privacy‑preserving ambient home‑sensing AI that uses sensors in devices like switches and thermostats and deep learning models that account for home geometry and human behaviors. The system runs without sending sensitive data to the cloud and passively generates analytics such as sleep quality, activity levels, unexpected‑activity alerts, and fall incident alerts without requiring wearables. The company is deploying its solution across U.S. senior living operators including Revel Communities, Bridge Senior Living, Simpson Communities, and Lutheran Life. Leadership frames the product as a way to extend limited community staff reach, support managers in controlling operating costs, and enhance daily life and safety for residents. The company says it aims to help address an impending caregiver workforce crisis accelerated by the pandemic. Financially, Caspar.AI disclosed a new investment from WV Ventures and said it has raised over $12 million to date.

  • Nemedio

    Participated · Seed · May 2012

    Nemedio offers solutions aimed at accelerating development timelines for medical technologies. The company's core offering focuses on tools and services to speed medical-technology development. Publicly reported financing activity shows Nemedio has raised a total of $8,151,639 to date. That total comprises a $1,000,000 pre-seed, a $2,500,000 seed, and three additional series rounds listed as 'Series Unknown' totaling $4,651,639. Several venture firms have backed the company across rounds, indicating recurring investor interest. Funding data is reported by Diffbot.

Team