2 SaaS Startups in the Retirement Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Retirement industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Retirement industry.

Link Investment Management

Business solutions for equity, health plan administration, and workplace savings are offered by Link Investment Management. The Link team offers group plan solutions from our Calgary headquarters with the aim of improving retirement for all Canadians. With the help of our cutting-edge, entirely digital software-as-a-service (SaaS) business solution, plan administrators and plan participants can administer their benefits programs easily, affordably, and effectively. In order to develop the finest solutions at a competitive price, we work directly with businesses of all sizes as well as through channel partners. Visit our website at www.linkinvestmentmanagment.com for more details about Link Investment Management.

Company details:
Founders:
Brian McClennon
Founded:
2015
Based in:
Calgary, Alberta, Canada
Industries:
Consulting, Employee Benefits, Enterprise Software, Finance, Financial Services, FinTech, Retirement, SaaS, Software
Latest funding:
$2,017,474
Series A
26 October 2021
Total funding:
$9,242,107
Investors
Canaccord Genuity Group

TCARE

TCARE’s Medicaid-approved, SaaS platform reduces caregiver burnout and delays nursing home placement. TCARE’s evidence-based predictive technology saved Washington State Department of Social and Health Services over $10M in a 2,300-caregiver pilot by delaying nursing home admissions by 18-24 months. TCARE enables family caregivers to keep their loved ones at home longer. TCARE’s aging-in-place enterprise SaaS solution partners with government and healthcare entities. TCARE uses its scientifically-validated algorithms to create an individualized care plan, which reduces stress and burnout of caregivers and allows their loved ones to age in place.

Company details:
Founders:
Ali Ahmadi, Linda Miller, Mike Mings, Nate Moore, Vijay Anand
Founded:
2014
Based in:
Saint Louis, Missouri, United States
Website:
TCARE
Industries:
Elder Care, Health Care, InsurTech, Retirement, SaaS, Wellness
Latest funding:
$17,000,000
Series A
8 September 2022
Total funding:
$17,850,000
Investors
gener8tor, Arch Grants, National Institutes of Health, SixThirty, Plug and Play

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