The UK’s ageing population is creating both challenges and opportunities across health, housing, and social care. In response, a growing number of businesses are developing innovative technologies designed to support older adults and their carers. Known collectively as agetech, these solutions range from remote health monitoring and telecare systems to simplified digital devices and caregiver support services.

While still a relatively new sector, agetech is gaining momentum as demand for independent living, preventative care, and dignified ageing increases. In this article, we explore the top UK companies shaping the future of ageing through technology.

What is agetech?

Agetech refers to the use of technology, products, and services specifically designed to improve the lives of older adults and those who care for them. It’s a broad sector that sits at the intersection of healthcare, social care, and consumer tech.

The UK’s current agetech landscape at a glance

There are currently 48 active agetech businesses in the UK, and while that number may be small, those companies make up £198m in turnover, with an average annual turnover of £22.0m. Out of those companies, 49% are in the Seed stage, 18% are in the Venture-stage, 9% are in Growth-stage, and 18% are in the Established-stage.

The UK’s Top 10 Agetech Companies

10. Alteracall

Total amount raised: £1.75m
Location: Westmorland and Furness

Alteracall is a digital care and housing tech provider that works with social housing and retirement living providers to support telecare and safety for older or vulnerable tenants. Its solutions include a modern replacement to traditional warden call systems, environmental sensors, video door entry, and wearables, to name a few.

Founded by James Batchelor in 2004, the company has gone on to receive £1.75m in equity over three funding rounds.

09. Relish

Total amount raised: £2.51m
Location: Hackney

Relish produces products and supports wellbeing for people living with dementia or Alzheimer’s. Its range includes clocks, music players, puzzles, arts & crafts, sensory toys and daily activity packs, tailored to different stages of dementia or Alzheimer’s, with the aim of helping maintain independence and improve quality of life.

Relish made the Startups 100 high-growth list in 2012 and 2013, and now as a Venture-stage company has gone on to raise £2.51m in total.

08. Circadacare

Total amount raised: £2.54m
Location: Newcastle upon Tyne

Circadacare delivers lighting solutions and monitoring technology for care homes and supported living to improve wellbeing, reduce falls, and support cognition, especially for people with dementia. It specialises in circadian lighting systems, and AI-driven monitoring and alerts.

It has raised a total of £2.54m in equity over four funding rounds.

07. Howz

Total amount raised: £2.59m
Location: Manchester

Howz offers remote care and monitoring technology for people living at home. Using sensors and machine learning, it builds a continuous view of behaviour in the home to detect changes that might indicate risk or need for support.

Since 2020, the company raised a further £672k in 2023 bringing its total amount raised to £2.59m.

06. MySense

Total amount raised: £3.49m
Location: Westminster

MySense is a wellbeing analytics platform designed to help vulnerable individuals live independently for longer. It supports people in their own home, and assists health and social care teams in delivering more personalised and preventative care.

Overall, it’s secured £3.49m in funding.

05. Easology

Total amount raised: £3.51m
Location: Ipswich

Easology supplies mobile phones and tablets designed for ease of use by older people or people who may find standard devices difficult. Its product line simplifies features and user experience to make digital devices more accessible. The company has been through 12 rounds of funding since its inception in 2008.

04. KareHero

Total amount raised: £3.60m
Location: Islington

KareHero is a London-based service that supports adult caregivers (especially families) in navigating the complexity of care. It provides a combined digital and human concierge service that helps with understanding, finding, arranging, and funding care, plus related legal and wellbeing issues.

The company has raised a total £3.60m in equity funding through one funding round.

03. Neu Health

Total amount raised: £4.60m
Location: Westminster

Neu Health, recently rebranded as Kneu, is a healthtech spinout from the University of Oxford, focused on monitoring and managing neurodegenerative conditions such as Parkinson’s disease and dementia.

The spinout has been through just two funding rounds but raised a huge £4.60m in equity.

02. Breezie

Total amount raised: £5.10m
Location: Lambeth

Breezie was acquired by American company VitalTech in 2020. Breezie developed ease-of-use software for mobile devices that is targeted at older people. Users can either purchase the software independently or purchase a device pre-loaded with the software.

From 2011 to 2020, the company went through 11 funding rounds, raising a total of £5.10m.

01. Elder

Total amount raised: £21.0m
Location: Islington

Elder provides live-in, visiting and respite care services for older people in the UK. Its model includes matching clients with carers, arranging care in their own homes, and supporting people who need assistance with daily living but want to remain at home as long as possible.

Founded by Peter Dowds in 2015, the company has gone on to raise £21.0m in equity funding.

Advice from GS Verde Group

According to Beahurst, the demand for innovative technologies designed to support the UK’s ageing population continues to grow – with many agetech companies creating solutions to tackle challenges.

As an award-winning multi-discipline advisory firm, GS Verde Group has supported healthtech and healthcare businesses achieve long-term success. Our corporate finance, tax and legal team work together under one roof to enable clients to experience streamlined end-to-end services, including thorough valuation and due diligence ahead of a transaction.

See our related sector deal here:

GS Verde Group advise IQ Endoscopes in latest multi-million funding round

Specialist Healthcare Equipment Retailer Completes EOT

To explore more about the top UK agetech companies visit: The UK’s Top Agetech Companies