Duos Raises $15M Series A+ Led by Imaginary Ventures

DUOS, a digital health company based in New York that focuses on improving the independence and longevity of older adults, has successfully secured $15M in a Series A+ funding round led by Imaginary Ventures. This financing also saw participation from Forerunner Ventures, Declaration Partners, and Optum Ventures.

The funds from this round will be utilized for technology advancements and hiring efforts to support the company's ambitious growth objectives. DUOS aims to bridge the gap between older adults and their social care needs by leveraging technology and partnerships.

DUOS offers a unique "System of Aging" designed to assist older adults by providing them with personal assistants, dubbed 'Duos,' who help with various daily tasks. This solution targets an increasing demographic of older adults experiencing unmet social needs related to transportation, food, and healthcare services. The service aims not only to enhance the independence of its members but also to ease the burden on family caregivers, particularly those in the "Sandwich Generation" who balance caring for both their children and aging parents.

With a focus on creating personalized support, DUOS connects older adults to a network of service providers that cater to their social, physical, and care navigation requirements. Each member is paired with a dedicated Duo to facilitate communication and ensure that tasks are completed effectively.

Karl Ulfers serves as the CEO and Co-Founder of DUOS, leading the initiative to enhance everyday experiences for older adults and their caregivers. He expressed the significance of this funding milestone, noting that it will enable the company to develop new technologies aimed at scaling their services to a larger audience across the country.

Founded in 2020, DUOS has already begun forming partnerships with various health insurance plans, which enhances their capacity to address gaps in care for older adults. As demand continues to grow, the company is eager to expand its team by hiring over 100 Duos and additional operational staff to support their mission.

Company	DUOS
Round	Series A+
Amount	$15M
Lead Investor	Imaginary Ventures
Investors	Forerunner Ventures, Declaration Partners, Optum Ventures
Founders	Karl Ulfers (CEO, Co-Founder)
Sectors	Digital Health