The UK's ageing population creates unique challenges and opportunities spanning health, housing, and social care. A growing number of businesses are responding by developing innovative technologies designed to support older adults and those who care for them. Known collectively as agetech, these solutions range from remote health monitoring and telecare systems to simplified digital devices and caregiver support platforms.

While still an emerging sector, agetech is building momentum as demand rises for independent living solutions, preventative care approaches, and dignified ageing support. This analysis examines the leading UK companies using technology to transform how we age.

Defining Agetech

Agetech encompasses technology, products, and services specifically designed to improve lives of older adults and their carers. This broad sector intersects healthcare, social care, and consumer technology.

UK Agetech Sector Overview

The UK currently hosts 48 active agetech businesses. Despite modest numbers, these companies generate £198m in combined turnover, averaging £22.0m annually per company.

Development stage distribution: 49% at Seed, 18% at Venture, 9% at Growth, and 18% at Established stage.

Top Ten UK Agetech Companies by Investment

10. Alteracall
Capital Raised: £1.75m | Location: Westmorland and Furness
This digital care and housing technology provider partners with social housing and retirement living providers to deliver telecare and safety solutions for older or vulnerable tenants. Solutions include modern warden call system replacements, environmental sensors, video door entry, and wearables.

Founded by James Batchelor in 2004, Alteracall has secured £1.75m across three equity rounds.

9. Relish
Capital Raised: £2.51m | Location: Hackney
Relish produces products supporting wellbeing for people living with dementia or Alzheimer's. The range encompasses clocks, music players, puzzles, arts & crafts, sensory toys, and daily activity packs tailored to different disease stages, aiming to maintain independence and improve quality of life.

Featured on the Startups 100 high-growth list (2012, 2013), this Venture-stage company has raised £2.51m total.

8. Circadacare
Capital Raised: £2.54m | Location: Newcastle upon Tyne
Delivering lighting solutions and monitoring technology for care homes and supported living, Circadacare improves wellbeing, reduces falls, and supports cognition, particularly for people with dementia. Specialisations include circadian lighting systems and AI-driven monitoring with alerts.
Total equity raised: £2.54m across four rounds.

7. Howz
Capital Raised: £2.59m | Location: Manchester
Howz offers remote care and monitoring technology for home-dwelling individuals. Using sensors and machine learning, the platform builds continuous behavioural profiles to detect changes indicating risk or support needs.

Since 2020, the company added £672k in 2023, bringing total capital raised to £2.59m.

6. MySense
Capital Raised: £3.49m | Location: Westminster
This wellbeing analytics platform helps vulnerable individuals live independently longer, supporting people at home whilst assisting health and social care teams in delivering personalised, preventative care.
Total funding secured: £3.49m.

5. Easology
Capital Raised: £3.51m | Location: Ipswich
Easology supplies mobile phones and tablets designed for ease of use by older people or individuals finding standard devices challenging. Products simplify features and user experience to enhance digital device accessibility. The company has completed 12 funding rounds since 2008.

4. KareHero
Capital Raised: £3.60m | Location: Islington
This London-based service supports adult caregivers (especially families) navigating care complexity. KareHero provides combined digital and human concierge services helping with understanding, finding, arranging, and funding care, plus related legal and wellbeing matters.
Total equity raised: £3.60m in one funding round.

3. Neu Health
Capital Raised: £4.60m | Location: Westminster
Recently rebranded as Kneu, this University of Oxford healthtech spinout focuses on monitoring and managing neurodegenerative conditions including Parkinson's disease and dementia.
Despite just two funding rounds, the spinout has raised £4.60m in equity.

2. Breezie
Capital Raised: £5.10m | Location: Lambeth
American company VitalTech acquired Breezie in 2020. Breezie developed ease-of-use software for mobile devices targeted at older people, available either as standalone software or pre-loaded on devices.
Between 2011 and 2020, the company completed 11 funding rounds, raising £5.10m total.

1. Elder
Capital Raised: £21.0m | Location: Islington
Elder provides live-in, visiting, and respite care services for older people throughout the UK. The model encompasses matching clients with carers, arranging home-based care, and supporting individuals needing daily living assistance whilst preferring to remain at home as long as possible.
Founded by Peter Dowds in 2015, Elder has raised £21.0m in equity funding.

GS Verde Group: Strategic Advisory for Healthcare Innovation

Beauhurst data confirms growing demand for innovative technologies supporting Britain's ageing population, with agetech companies creating solutions addressing multifaceted challenges.

As an award-winning multi-discipline advisory firm, GS Verde Group has supported healthtech and healthcare businesses achieving long-term success. Our corporate finance, tax, and legal teams collaborate under one roof to deliver streamlined end-to-end services, including thorough valuation and due diligence ahead of transactions.

Related sector transactions:
GS Verde Group advise IQ Endoscopes in latest multi-million funding round
Specialist Healthcare Equipment Retailer Completes EOT

Source: https://www.beauhurst.com/blog/uks-top-agetech-startups/