Aging Populations: The Role Of Venture Capital In Supporting The Industry

OVERVIEW

The COVID-19 pandemic has exposed gaps in our long-term care industry which will only worsen as the annual growth rate for the elderly population (referred interchangeably in this paper as aging population), defined as people aged 65 and older continues to outpace that of all other age groups. As a result, there is a unique opportunity to support the aging population with technology-enabled solutions, such as digital health technologies, which have rapidly advanced since the beginning of the COVID-19 pandemic. This paper explores the role that private capital plays in funding companies that solve the pressing needs of an aging population.

ABOUT TRUE NORTH

True North, a Canadian impact investing firm, has launched its first fund focused on Digital Health and Wellness in February 2021. The fund focuses on three key areas marked by strong investment activity and potential for wide-reaching impact: aging populations, women’s health, and behavioural health. These address the United Nations Sustainable Development Goals #3 (good health and well-being), #5 (gender equality), and #10 (reduced inequalities) (True North Impact Investing, 2021). This whitepaper is part of a three-part whitepaper series by True North about the above-mentioned investment areas. To learn more about True North’s predictions about the future of Age-Tech and how we connect investor capital with impactful ventures around the world, please contact Fund Manager, Kai Chen (kai@truenorthimpact.com).