MemoryWell raises $1M seed round - Technical.ly DC

Business

Apr. 26, 2019 1:08 pm

MemoryWell raises $1M seed round

Founder Jay Newton-Small said this investment will help MemoryWell improve its artificial intelligence and machine learning tech, expand its team with customer success specialists and improve its core product and services.
Jay Newton-Small demos MemoryWell at DC Tech Meetup.

Jay Newton-Small demos MemoryWell at DC Tech Meetup.

(Photo via Twitter)

Washington, D.C.-based MemoryWell has raised a $1 million seed round led by Dagmar Dolby with participation from UsAgainstAlzheimer’s cofounder George Vradenburg, HealthTechCapital and Halcyon founder Dr. Sachiko Kuno’s S&R Fund.

Launched in 2016 by Jay Newton-Small, the startup created a network of professional journalists who interview seniors and their families. MemoryWell runs through a mobile responsive web platform where families and others can find the stories, as well as photos, music and video, Technical.ly DC previously reported. The professional writers work with families, senior living communities and home care providers to replace burdensome intake questionnaires with brief, intimate life stories that improve empathy between caregivers and elders, a press release states.

Newton-Small said this investment will help the company improve its artificial intelligence and machine learning tech, expand its team with customer success specialists and improve its core product and services.

We recently awarded MemoryWell with an honorable mention as a company to watch on our 2019 realLIST earlier this year. The company reports having a network of 700 professional writers and a client portfolio that includes Brookdale Senior Living, Clover Health and Alphabet Inc’s Medicare Advantage Plan.

This isn’t MemoryWell’s first major funding raise. In its first year, the company was bootstrapped, and then Newton-Small raised an initial seed fund of  $77,000 through a Kickstarter campaign. When the company became a featured winner of the WeWork Creator Awards,  the startup brought in $130,000 in funding, Technical.ly DC previously reported.

Advertisement

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

CoTripper takes first place at 2019 Startup Week DC pitch competition

Please Assist Me wins again with $20K grand prize at 2019 Vinetta Project final

Starry Internet opened an office in Arlington

SPONSORED

DC

Verizon is looking for the brightest ideas on how to use its 5G technology

Washington, D.C.

The Washington Post

Senior Full Stack Software Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now

Localized closed on a $1.2M funding round

Apps are open for SEED SPOT’s spring 2020 Impact Accelerator

5 local startups will take center stage at the 2019 DC Startup Week Pitch Competition

SPONSORED

DC

Escape the August heat with cool AI tech

Offsite

Philadelphia Home

Social Media Catalyst

Apply Now

Columbia, MD

Vectorworks

Rendering Engineer (OpenGL, Vulcan, C++)

Apply Now

Columbia, MD

Vectorworks

C++ Software Engineer (3D Lighting Design Software)

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!