About Age Tech sector in Southeast Asia
The Age Tech sector in Southeast Asia comprises 74 companies, including 17 funded companies having collectively raised $219K in venture capital money and private equity. Out of these, 1 is Series A+ funded.
Age Tech sector in Southeast Asia has seen 1 acquisition.
This sector includes companies providing digital technologies to cater to the needs and wants of elderly people including apps, online platforms, smart hardware, and software tools.
Companies providing digital solutions to manage the health of the elderly, for geriatric care management & coordination for providers, finance & insurance solutions for the elderly, assistive solutions & services focused on seniors, elderly communication & social platforms, end of life planning solutions, senior care information platforms & eCommerce platforms as well as solutions for finding as well as managing senior living communities 1\. Companies that are developing drugs, medical devices and diagnostic tests for the prognosis, treatment and acre of age-related disorders
2\. Companies offering offline care services like home care services, long term care homes etc
3\. Companies that provide offline consulting or advisory services for senior housing development, age services etc
Top Age Tech Companies in Southeast Asia
There are 74 Age Tech startups in Southeast Asia which include Jaga-Me, PulseSync, WillCraft, SoundEye, FAMS. Out of these, 17 startups are funded, with 1 having secured Series A+ funding.
Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of National University of Singapore (NUS), Nanyang Technological University (NTU) and Harvard University.
Here is the list of top Age Tech startups in Southeast Asia
1. Jaga-Me
Jaga-Me is an online platform for on-demand home-care and nursing service professionals. Caregivers can come to the platform and register themselves. Patient or guardian can come to the platform, fill in their requirements about services and ask for a caregiver to visit home. The company won a grant of $71K in the NTUC Income Future Starter in Nov'15.
Key facts about Jaga-Me
2. PulseSync
Cloud-based care management solutions for the elderly. Solutions offered by the company include IngoT, Gym Tonic, and Raisoft. IngoT is a care management solution for the elderly, it assists in care planning, bill management, reporting, prescription, etc. Gym Tonic is a strength training management solution. Raisoft is a cloud-based care assessment solution.
Key facts about PulseSync
- Founded Year: 2007
- Location: Singapore (Singapore)
- Stage: Unfunded
- Tracxn Score: 33/100 What is this?
- Competitors Rank: 35 of 216 Competitors
3. WillCraft
Cloud based will creation platform. It is an online platform that provides access to legal services such as will drafting, estate planning, and more. The platform provides information and guides to streamline the development of wills. It communicates final wishes pertaining to the assets and burial.
Key facts about WillCraft
- Founded Year: 2018
- Location: Singapore (Singapore)
- Stage: Unfunded
- Tracxn Score: 32/100 What is this?
- Competitors Rank: 18 of 293 Competitors
4. SoundEye
Singapore based SoundEye enables elderly who faces emergency to inform their caregivers. Unlike emergency chord/button that requires installation, activation through pressing/pulling or wearable device that requires user to wear it all the time, SoundEye is a sound-activated emergency monitoring system. The company's flagship product, SoundEye ARK, a revolutionary monitoring system capable of home monitoring, surveillance and emergency monitoring which can tell when an elderly person has fallen in their home while unattended. The system doesn’t use a camera, but an array of thermal infrared and ultrasonic detectors and a microphone. This allows it to detect both falls and screams or calls for help, and alert caregivers and emergency services. It also gathers data on the elderly person’s activity, including waking and sleeping times, bathroom visits etc. SoundEye’s tech is based on work done at the Institute of Infocomm Research (I2R), a part of Singapore’s Agency for Science, Technology, and Research (A*STAR).
Key facts about SoundEye
- Founded Year: 2013
- Location: Singapore (Singapore)
- Stage: Seed
- Total Funding till date: $17.9K
- Investors: Plug and Play APAC, XNode and 4 Others
- Latest Funding Round: Seed, Dec 07, 2015, $*****
- Tracxn Score: 32/100 What is this?
- Competitors Rank: 78 of 703 Competitors
5. FAMS
Key facts about FAMS
- Founded Year: 2018
- Location: Thailand
- Stage: Deadpooled
- Tracxn Score: 30/100 What is this?
- Competitors Rank: 91 of 582 Competitors
Companies founded year-on-year in the Age Tech sector in Southeast Asia
12 Age Tech startups in Southeast Asia were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 1 |
2023 | 2 |
2022 | 2 |
2021 | 6 |
2020 | 8 |
2019 | 12 |
2018 | 12 |
2017 | 4 |
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Funding Trends in the Age Tech sector in Southeast Asia
Recent Funding Rounds in Age Tech in Southeast Asia
In the year 2024, till February 2024, Age Tech companies in Southeast Asia have raised equity funding across 1 round.
Here are some recent, important funding rounds in Age Tech companies in Southeast Asia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3035 | Feb 01, 2024 | ||
Angel | 9050 | Jul 04, 2019 | - | |
Seed | 1052 | Dec 20, 2018 | ||
Seed | 4835 | Dec 07, 2015 | - | |
Seed | 7232 | - |
Top Investors in Age Tech in Southeast Asia
Plug and Play Tech Center is the top investor in Age Tech companies in Southeast Asia based on number of companies invested.
Here are some top investors in Age Tech companies in Southeast Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | - | |
Ho Chi Minh City (Vietnam) | - | |
Singapore (Singapore) | ||
Menlo Park (United States) | - | |
Menlo Park (United States) | - |
M&A activity in Age Tech sector in Southeast Asia
In the year 2019, till December 2019, 1 acquisition happened in Age Tech sector in Southeast Asia.
Here are some recent, important acquisitions in Age Tech sector in Southeast Asia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 19, 2019 |
Acquisition trends in Age Tech sector in Southeast Asia
Here are the acquisition trends in Age Tech sector in Southeast Asia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
Colleges which produce the most Age Tech companies in Southeast Asia
Companies founded by alumni from top colleges in the Age Tech in Southeast Asia
Most number of Age Tech startups in Southeast Asia have been founded by alumni from National University of Singapore (NUS), Nanyang Technological University (NTU) and Harvard University.
College | No. of companies |
|---|---|
National University of Singapore (NUS) | 8 |
Nanyang Technological University (NTU) | 3 |
Harvard University | 1 |
INSEAD | 1 |
London School of Economics and Political Science | 1 |
Massachusetts Institute of Technology | 1 |
Tel Aviv University | 1 |
Total funding in Age Tech companies founded by alumni from top colleges in Southeast Asia
In the last 10 years, Massachusetts Institute of Technology graduates' Age Tech companies in Southeast Asia have raised the most funding among top colleges. National University of Singapore (NUS) alumni are second.
College | Total Funding |
|---|---|
Massachusetts Institute of Technology | $85.5K |
National University of Singapore (NUS) | $85.5K |
Harvard University | - |
INSEAD | - |
London School of Economics and Political Science | - |
Nanyang Technological University (NTU) | - |
Tel Aviv University | - |
Top News in Age Tech in Southeast Asia
•
Farrer Park Hospital and Alliance Healthcare partner to improve patient outcomes
Hospital Management•Apr 07, 2025•Farrer Park Hospital, Alliance Healthcare, Jaga-Me
•
StarHub launches digital health service in SingaporeBioSpectrum Asia•Oct 14, 2022•StarHub, Alexandra Hospital, Singapore, ConnectedLife, Fitbit
•
Apollo Hospitals, Singapore firm enhance AI-based tech for cardiac diseasesBusiness Standard•Jul 06, 2022•Apollo Hospitals, ConnectedLife
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