PacSana raises €1m to further fund US growth

Irish homecare tech company PacSana has raised a further €1 million in funding as it pursues more growth in the lucrative US market.

The funding round was led by seed investor Eoghan Quigley and IFG founder Richard Hayes.

The company offers a suite of products to help prolong independent living for older people, using its wearable technology to gather data on exercise, gait, falls and location in the home to develop an accurate picture of care needs for individuals.

“A shortage of staff is the number one issue we see for our customers in senior living and homecare services. The ‘crisis in care’ has forced everyone to rethink the old models of care. PacSana is innovating into that space, and we are seeing a massive uplift in demand for our service,” chief executive Feargal Duignan said. “We are working closely with key partners to add further insights and deeper value, and we look forward to sharing more on that later in the year.”

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The funding follows a previous funding round announced in 2021 to help grow the US business. The company has been working with homecare providers in the US to bring its technology to families, offering an alternative to costly homecare where appropriate.

PacSana spent last year acquiring new customers in homecare and senior living in the US, and added new features such as gait and exercise measurement. It is also working on innovations and partnerships that it expects to bring to market in the first half of the year. It has offices in Dublin and Boston.

“PacSana is a fantastic vehicle for gathering high value data,” Mr Quigley said. “PacSana has already proven it can improve outcomes for individuals in care but I see a huge value downstream to make a big impact improving insurer care models.”