August Health Raises $29 Million in Series B

by Kay Aloha Villamor in August 11th, 2025

August Health, a San Francisco, CA-based software platform built specifically for senior living communities, has raised $29 million in Series B funding. 

Investors 

The round was led by Base10 Partners, with participation from General Catalyst, Matrix Partners, Equitage Ventures, Senior Living Transformation Company, and Stanford University. 

Base10 Partners is a venture capital firm founded in 2017 by Adeyemi Ajao and TJ Nahigian. The firm is headquartered in San Francisco, California. Base10 focuses on investing in early-stage companies that bring automation to traditional sectors of the economy, which they refer to as the “automation of the real economy.” They primarily invest in companies applying automation to industries such as finance, food, healthcare, retail, logistics, and construction. 

August Health Use of Funds 

The company will use the funding to enhance its EHR platform, launch August Intelligence, and expand AI-driven care and operational tools for senior living operators. 

About August Health 

Founded in 2020 by Dr. Justin Schram and Erez Cohen, August Health is an electronic health record (EHR) platform designed to improve care and operations within the senior living industry. Its platform includes a range of flexible and integrated solutions for senior living communities, including an EHR, Move-Ins, eMAR (medication management), care track, billing and payments, and Insights. Serving thousands of communities across the U.S. and Canada, August Health has been adopted by leading operators such as Sonida Senior Living, 12 Oaks Senior Living, Bickford Senior Living, Koelsch Communities, and Westmont Living. 

Funding Details 

Company: August Health 

Raised: $29.0M 

Round: Series B 

Funding Date: August 2025 

Lead Investor: Base10 Partners 

Additional Investors: General Catalyst, Matrix Partners, Equitage Ventures, Senior Living Transformation Company, Stanford University 

Company Website: https://www.augusthealth.com/  

Software Category: HealthTech / Senior Living EHR & AI Care Solutions 

Source: https://www.businesswire.com/news/home/20250807042114/en/ 

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