Tampa senior living tech platform secures $43M in funding

TSOLife, a Tampa-based Software as a Service company with a tech platform catered toward senior living businesses, announced Wednesday it secured $43 million in capital. The money, according to a statement, comes from a Series B funding round led by growth equity firm PeakSpan Capital.

The latest round brings the company’s valuation to $52 million since 2022 — a 478% increase in three years.

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The funding will be used to expand product development of the firm’s AI-powered platform Minerva, a tool that provides support staff of senior living communities with hundreds of data points per resident with the goal of providing more personalized care for each resident and their families. 

The platform’s data provides sales features, client apps, insight into daily operations and real time analytics. The company says its technology is a 650% improvement over traditional interview methods. 

"We have proven our ability to strengthen the social drivers of health — connection, purpose, and engagement — to meaningfully improve quality of life and extend residents’ length of stay by more than six weeks," says David Sawyer, founder and CEO of TSOLife in the statement. "This funding round will accelerate our capabilities to embed personalized, resident-first support into the everyday interactions, processes, and decisions that shape community life."

TSOLife was founded in 2014 and has since gathered data for 125,000 residents. Clients include Priority Life Care, Senior Resource Group, Vitality Senior Living and Commonwealth Senior Living to name a few.