San Francisco-based Waterlily closed a $7 million Seed funding round to a scale up its suite of customized data-driven solutions for individuals, families, and financial planners.
Waterlily is a financial technology company that uses AI modeling to predict a family’s future long-term care (LTC) needs and costs in retirement. By analyzing over 500 million data points, it helps individuals plan for LTC expenses and make informed financial decisions.
The funding round was led by John Kim, founding partner of Brewer Lane Ventures, with additional investments from Genworth, Nationwide, and Edward Jones. Prominent industry leaders, including Tim Kneeland (former CEO of GE Insurance & Transamerica LTC), also participated, along with other undisclosed investors.
“Traditional financial planning tools have just not kept pace with the long-term care complexity and uncertainty out there,” said John Kim, Founding Partner at Brewer Lane Ventures. “Waterlily is addressing one of the single most critical gaps in financial security and is well-positioned to help millions of families needing better tools to manage the financial challenges of aging.”