As the UK’s population ages — with over 12 million people now aged 65 or older — technology designed to support older adults and their carers is becoming increasingly important. Agetech companies are developing solutions ranging from remote monitoring devices and assistive hardware to digital care platforms and wellness apps. Investment in the sector hit a peak of £24.8m in 2021, and 2025 saw a further £14.6m raised, making it the second-strongest year on record.
We’ve ranked the top agetech companies by total equity raised (all data sourced from the Beauhurst platform).
What is agetech?
Agetech — short for ageing technology — refers to companies developing products and services designed to improve the quality of life, health, safety, and independence of older adults. This includes remote health monitoring devices, assistive living technology, digital care management platforms, wearables for elderly users, simplified device interfaces, and information resources for carers.
The UK currently has 63 agetech companies, having grown 186% over the past decade (from 22 in 2015). While small in absolute terms, the sector is gaining momentum as demographic shifts, NHS pressures, and the growth of home-based care create increasing demand for technology-led solutions.
Collectively, UK agetech companies have raised £93.6m in equity funding so far, with £69.4m — nearly three quarters of the total — secured since 2020 alone. This sharp recent acceleration underscores growing investor interest in the space. These companies employ an estimated 2,000 people and generate a combined turnover of £227m.
Key findings
- Breezie, which developed ease-of-use software for mobile devices targeted at older people, tops the list with £5.1m raised — significantly ahead of the rest of the field. Alertacall, a home monitoring technology provider based in the North West, follows in second with £1.7m, and Canary Care, which develops wireless sensors for remotely monitoring elderly people at home, is third with £1.5m.
- The top 10 have collectively raised £9.9m — a modest total compared to sectors like fintech or AdTech, but one that reflects the nascent stage of the AgeTech market. The majority of the top 10 are at Seed stage (five companies), with two at Growth stage, and one each at Venture, Established, and Exited. This heavy weighting towards early-stage companies highlights both the immaturity and the opportunity within the sector.
- Regionally, the top 10 are more geographically dispersed than in most UK tech sectors. The North West leads with three companies, followed by the South East and Yorkshire with two each. Notably, London accounts for just one company — a sharp contrast to sectors like AdTech (71 of the top 100) and PropTech (64 of the top 100).
- The overall sector stage breakdown mirrors this early-stage picture: of the 63 active AgeTech companies, 26 are at Seed stage and 12 at Venture, with just five at Growth and 10 Established. This suggests significant room for growth as the sector matures and more companies scale.
