See the pitch deck Savoy Life used to raise $3 million for virtual caregiving for seniors and adults with disabilities

• Savoy Life just emerged from stealth to bring virtual care to seniors and adults with disabilities.
• The healthtech startup focuses on virtual care for adults in assisted living facilities.
• Check out the nine-slide pitch deck the company used to raise $3 million in pre-seed funding.

Long-term care is already a $490 billion industry in the United States, and with 73 million baby boomers still living, one startup is bringing the digital revolution to a rapidly growing market.

Savoy Life emerged from stealth last month with $3 million in pre-seed funding from Red Cell Partners, an incubation firm that has given birth to a number of digital health startups, including precision medicine startup Zephyr AI and psychedelic therapy provider TARA Mind.

According to the American Healthcare Association and the National Center for Assisted Living, more than 30,000 assisted living communities in the United States manage 1.2 million licensed beds. However, the industry is plagued by staffing shortages, administrative inefficiencies, and more serious issues such as poor quality of care and safety concerns.

Savoy Life is developing a virtual care platform for nursing homes. The company is launching three products: a system to improve occupancy rates and simplify the move-in process; remote monitoring technology that uses artificial intelligence to help facilities better care for residents; and telehealth focusing on geriatric primary care and geriatric psychiatry.

While working as a healthcare administrator at CareMore Health, Peter Emigh, the founder and CEO of Savoy Life, saw the need to improve long-term care facilities. He interacted with facilities located outside of major metropolitan areas, which frequently lacked resources.

“My lived experiences led to a very clear understanding of what was working and what was not,” according to him. He believes that improving the lives of everyday residents receiving long-term care begins with providing operators with more – and better – tools.

According to Markets N Research, Savoy Life is entering an already thriving market focused on the aging population, which could grow to north of $2 trillion by 2028. Devoted Health, which provides healthcare plans for seniors, and telehealth startups DispatchHealth and Heal are among the frontrunners in the VC-backed space.

Check out the nine-slide pitch deck that Savoy Life used to raise $3 million and emerge from stealth mode.