Waterlily Raises $7M Seed Funding to Expand AI-Powered Long-Term Care Predictions
Waterlily is reshaping long-term care financial planning by equipping individuals, families, and financial professionals with AI-driven predictions and strategic insights.
Company Name: Waterlily
Location: San Francisco, CA
Industry: Finance
Funding Details
- Amount: $7M (Seed Round, bringing total funding to $9.2M)
- Investors:
- Lead: John Kim (Founding Partner, Brewer Lane Ventures)
- Participants: Genworth, Nationwide, Edward Jones
- Industry Leaders: Tim Kneeland (Former CEO, GE Insurance & Transamerica LTC) and others
- Previous Round: $2.2M Pre-Seed, including Scott Barclay (Managing Director of Healthcare at Insight Partners)
Purpose of Investment
- Grow AI-powered predictive platform for long-term care planning.
- Develop advanced AI-driven financial tools for individuals, families, and financial professionals.
- Expand capabilities to provide customized, data-driven LTC solutions.
Leadership
- Co-Founders: Lily Vittayarukskul, Evan Ehrenberg
Product
Waterlily leverages AI to predict long-term care needs and costs decades in advance, helping families and financial professionals plan for the future.
Key Features
- AI-Powered Predictive Modeling: Analyzes 500M+ data points to forecast LTC needs and costs.
- Personalized Care Planning: Provides customized financial insights, evaluating insurance coverage, savings, and healthcare trends.
- Behavioral Change Motivation: Encourages proactive financial and health decisions.
Enterprise Adoption & Traction
- Used by financial advisors, insurance carriers, insurance distributors, and independent agents to help clients build LTC plans.
- Signed paid contracts with:
- Prudential and other major insurance carriers.
- Financial Independence Group, one of the largest LTC brokerage general agencies (BGAs).
- One of the largest LTC providers in the Midwest.
About the Company
Waterlily is reshaping long-term care financial planning by equipping individuals, families, and financial professionals with AI-driven predictions and strategic insights. By combining predictive analytics with financial planning, Waterlily ensures that families have the resources they need for LTC while safeguarding their financial future.
Future Plans
With this funding, Waterlily will enhance its AI modeling, expand product capabilities, and scale adoption among financial professionals and insurance providers, driving greater transparency and preparedness in long-term care planning.
