Life Extension Ventures wants to pay its way to a long life
The Future. Life Extension Ventures is putting together a $100 million fund to… well… extend life. The firm hopes to fund startups in a range of industries that are finding the intersection between science and tech, which could encourage a holistic approach to solving the problem of aging.
Live long and prosper
TechCrunch reports that a lot of money is being earmarked to find a way to live past the ripe young age of 77.
- A New York-based firm called Life Extension Ventures has created a $100 million fund for startups focused on building tools for “longevity for people and planet,” such as disease prevention or organ regeneration.
- Qualifying startups can come from a variety of specialties, including biotech, AI, agriculture, and sustainable energy — whatever merges science and software to help people and the environment live longer.
Life Extension Ventures was founded by experts in both science and business (including founders and serial entrepreneurs Dr. Inaki Berenguer and Dr. Amol Sarva), which should mean that the millions at their disposal will be used for maximum impact in both areas.
Longevity is a booming market now as people turn to tech to help them grow older.
- The Aging Analytics Agency says longevity-startup investments surpassed $40 billion last year.
- Two European investment firms, Apollo Health and Maximon, are setting up significant funds — $180 million and $96 million, respectively.
- Billionaires such as Jeff Bezos and Peter Thiel are investing heavily in the space (can you imagine why?).
Bank of America believes the market could hit a healthy $600 billion by 2025. If all that money doesn’t work, there’s always the metaverse.