Sage Raises $65M Series C Led by Goldman Sachs Alternatives

March 5, 2026

NEW YORK — Sage, a senior living and skilled nursing care platform, said it has raised $65 million in a Series C equity round led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investors IVP and Goldcrest.

Sage said it plans to use the funding to expand its platform and support caregivers through tools intended to help identify risks earlier and streamline daily workflows. The company also said it will host the inaugural Caregiver Summit in New York City in fall 2026.

“Today, more than 40% of U.S. healthcare spending goes toward people over 65, with care needs becoming increasingly complex and ultimately pushing the caregiving workforce to a breaking point,” said Raj Mehra, co-founder and CEO of Sage.

Sage said its platform is designed to move care teams from a reactive to a more proactive approach by using AI-driven monitoring and alerts. The company cited industry workforce pressures and demographic trends, noting that care teams often rely on multiple systems that are disconnected.

Sage said it plans to focus on three areas:

• Predictive AI for resident safety — Sage said it will develop tools that analyze activity patterns such as sleep changes, nighttime wandering and bathroom frequency to flag fall-risk signals earlier.
• Unified caregiver workflow — Sage said it is centralizing data from electronic health record systems, including ALIS, August Health, ECP, PointClickCare and Yardi, into a single care view that provides alerts and resident-specific context.
• Skilled nursing expansion — Sage said it will expand capabilities for skilled nursing facilities, which face higher clinical and regulatory demands.

“We are experiencing a structural shift in the senior care market, necessitating a complete modernization of its underlying technology,” said Antoine Munfa, managing director within Growth Equity at Goldman Sachs Alternatives. Ryan Leary, a vice president within Growth Equity at Goldman Sachs Alternatives, said Sage is “creating the scalable infrastructure to help meet the historic demand of an aging population.”

Sage said the $65 million round brings its total capital raised to $124 million. The company said it is expanding adoption of Sage Detect, which it describes as an AI-powered monitoring system, and broadening partnerships with electronic health record providers.

About Sage

Sage is the industry’s first fully integrated care platform for senior living and skilled nursing, built by founders who have watched family members navigate a broken care system firsthand. Sage replaces outdated infrastructure with modern software and AI-powered insights, so that aging is defined by dignity, visibility, and truly human care. Sage-powered communities have identified a $275 increase in NOI per resident per month, 50% reduction in falls and 50% faster response times compared to the industry.

About Growth Equity at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $625 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has approximately $3.6 trillion in assets under supervision globally as of Dec. 31, 2025.

Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $13 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth-stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare.