Third Act Ventures

Third Act Ventures is an early-stage venture capital firm based in New York, specializing in the burgeoning Agetech sector. Founded by seasoned industry veterans Abby Miller Levy and Lisa Suennen, the firm focuses exclusively on technology solutions designed for older adults and their caregivers. Launched in February 2022 with a $20 million inaugural fund, Third Act Ventures aims to capitalize on the significant demographic shift towards an aging global population, identifying innovative companies that address the unique needs and opportunities within this market.

The firm's investment thesis centers on the belief that the Agetech space is largely underserved by traditional venture capital, despite its immense potential. With an estimated 10,000 people turning 65 every day in the United States, the demand for technology that enhances the lives, health, and independence of older adults is rapidly expanding. Third Act Ventures targets pre-seed and seed-stage companies, seeking to be among the first institutional investors to support promising startups. Their focus areas include health and wellness, financial services, caregiving support, social engagement, and lifestyle solutions tailored for the aging demographic.

Third Act Ventures typically deploys initial checks ranging from $250,000 to $750,000. This strategic investment size allows them to provide crucial early capital to nascent companies, often serving as lead or co-lead investors. The firm leverages the extensive operational and investment experience of its founders, Abby Miller Levy, a co-founder of Age of Majority, and Lisa Suennen, a veteran venture capitalist with a strong background in healthcare. Their deep industry knowledge and robust network provide portfolio companies with valuable strategic guidance and access to key resources, helping them navigate the complexities of the Agetech market and scale effectively.

The firm's commitment to the Agetech sector positions it as a specialized and impactful player in the venture landscape. By focusing on a demographic that is often overlooked, Third Act Ventures not only seeks financial returns but also aims to foster innovation that improves the quality of life for millions of older adults and their families. Their targeted approach and significant expertise make them a notable partner for entrepreneurs building the next generation of solutions in this critical and growing market.