SeniorAdom has recently completed a round of financing from Omnes Capital, 123Venture, SEB Alliance and AG2R LA MONDIALE.
Founded in November 2012, SeniorAdom offers new remote assistance technology. SeniorAdom’s next-generation technology automatically detects falls and sudden illness using a smart system of detectors (no cameras) connected to a central device. This central device is easy to install and use. It can simply be plugged into a power socket (no need for an internet connection because it has an embedded GSM mobile phone card). No special training is required.
In addition to falls and sudden illness, SeniorAdom’s solution can also report any unusual patterns in the life of a dependent person by sending a text or email to their carer. Each carer has a personalised and secure space from which they can monitor the well-being of the person living in their own home. SeniorAdom has genuinely disrupted the remote assistance space, which had barely advanced in 35 years. It provides comfort and peace of mind to both carers and service users.
After developing and testing its solution and its algorithms for two years in conjunction with in-home care professionals at the City of Paris authorities and the Long Life unit of Hôpital Charles Foix (Val-de-Marne department), SeniorAdom’s commercial launch took place in January 2015. The company has already signed up several hundred individuals in France. Strategic partnerships, some including unbranded systems, will be announced by the end of the year. In 2016, SeniorAdom aims to expand into the rest of Europe.
SEB Alliance : “We wanted to support SeniorAdom’s team because it markets a simple, yet efficient, innovative solution that helps people continue living in their own home and thus improves the day-to-day quality of life of people with reduced-mobility, and that fits perfectly with our Group’s mission statement.” François-Xavier Meyer, SEB Alliance’s Investment Manager, the SEB Group’s corporate venture capital unit
AG2R LA MONDIALE : “SeniorAdom has created a solution that meets the needs of families and can avoid degeneration in what were initially benign situations. It was an obvious decision for our Group, which is heavily committed to preventing health issues in senior citizens, to back an initiative that makes it safer for them to continue living at home.” Cyrille Roustang, Head of unlisted investments
Omnes Capital : “Over the past three years, SeniorAdom has demonstrated that its solution is technically viable and is effective in the event of sudden illness. It has also been readily accepted by the dependent elderly in terms of its financial cost and its day-to-day use. Supporting SeniorAdom illustrates our strategy of investing in e-health and connected health, which are really taking off”. François-Xavier Dedde, Principal
123Venture : “SeniorAdom has genuinely disrupted the remote assistance space, which had barely advanced in 35 years. Its teams are well-organised and experienced, and they have the requisite attributes to rise to the challenges both in France and export markets, which provide exciting opportunities. We are delighted to support their expansion”, stated Marc Guittet, Partner.
SeniorAdom : “Following on from Kima (Xavier Niel’s fund) and Bpifrance, which provided us with seed capital in 2014, we are delighted to bring on board highly-renowned industry and financial partners capable of providing us with genuine expertise. SeniorAdom now has everything it needs to establish itself as a leader in the remote assistance market. This successful fund-raising campaign reflects three years of hard work by our teams. And our story is only just beginning!”, concluded Vincent Kraus, SeniorAdom’s joint founder.
About Omnes Capital
Omnes Capital is a major private equity and infrastructure investment player. With €2.1 billion under management, Omnes Capital provides businesses with the equity they need to develop in its key areas of expertise: growth capital and buyouts, venture capital, renewable energies, co-investment, secondary funds-of-funds. Omnes Capital was a subsidiary of Crédit Agricole S.A. until March 2012. The company is now owned by its employees. Omnes Capital is a signatory to the United Nations’ Responsible Investment Principles. www-rec.omnescapital.com
About AG2R LA MONDIALE
AG2R LA MONDIALE, a leading player in the French social protection market, markets a full range of retirement, savings, personal protection and healthcare products and services. As a leading force in personal insurance across the regions, the Group insures consumers, businesses and industries, protecting their health, their asset portfolio and their income, helping them overcome life’s misfortunes and preparing for their retirement.
A mixed public/private and mutual company, AG2R La Mondiale has nurtured a unique model of social protection combining profitability with a community focus, and also efficiency with social commitment. Every year, the Group devotes over €100 million to helping vulnerable people and supporting initiatives in individual and collective housing, the prevention of healthcare issues and help for care givers.
For the latest news about the Group: www.ag2rlamondiale.fr/Twitter: @AG2RLAMONDIALE
About SEB Alliance
SEB Alliance is the corporate venture capital company of the SEB Group, the world leader in small domestic appliances, which is established in over 150 countries and owns brands including Tefal, Rowenta, Moulinex, Krups, Lagostina, All-Clad and Supor. The SEB Group set up SEB Alliance in 2011 to strengthen its innovation capabilities and plan ahead more effectively for changes in its markets and consumer lifestyles. With an initial capital endowment of €30 million, SEB Alliance establishes minority shareholdings in advanced technology companies active in areas such as well-being, connected objects and sustainable development. www.seballiance.com
123Venture is an independent management company specialised in private equity, renewable energies and property. With over €1.2 billion in assets under management, 123 Venture has become a leading company providing financing for SMEs. 123 Venture has over 245 investments in nine countries.www.123venture.com
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