# Silver Tree Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silver-tree-labs

- Industry: Medical Devices & Equipment
- Headquarters: Cambridge, US
- Website: www.silvertree.io
- Total disclosed funding: $4.5M
- Latest round: Seed (Sep 1, 2022)
- Investors on record: 4

## About

Based in Massachusetts, US, and founded in 2020, Silver Tree Labs, Inc. is a developer of a wellness wearable platform for older adults. The company was founded by its CEO, Dan Josebachvili. In September 2022, Silver Tree Labs, Inc. raised seed funding from Alumni Ventures Group and AlleyCorp, including Bling Capital and RRE Ventures.

The company offers its product, the Silvertree Reach, which combines modern style with cutting-edge functionality to create a discreet safety solution. The Silvertree Reach guarantees flawless operation at home and on the move by using the extensive coverage of Verizon's nationwide cellular network. This safety solution includes crucial components such as a smartphone, a legitimate email account, and a Wi-Fi connection in the wearer's house. The firm's product has advanced features such as automated fall detection, 24/7 emergency contact center access, location sharing, and a waterproof build. In addition, Silvertree's user-friendly app allows for direct communication with the Care Team and fast assistance when needed.

The organization generates revenue through its USD 25 monthly subscription plan, which includes features such as an emergency contact centre, Verizon's countrywide 4G LTE and GPS coverage, fall detection, smartphone notifications, and emergency alert sharing.

## Funding rounds

- Seed, Sep 1, 2022 — Alumni Ventures Group
- Seed, Feb 21, 2021, $4.5M — RRE Ventures, Red Sea Ventures, Bling Capital
- Seed, Jun 1, 2020 — RRE Ventures

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed
- Red Sea Ventures (https://capitalatlas.ai/funds/red-sea-ventures) — Seed
- Bling Capital (https://capitalatlas.ai/funds/bling-capital) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed