Startups

Modern Age shutters after failing to obtain more funding

The longevity clinic started in 2021 to address aging and metabolic health.
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Founder and CEO Melissa Eamer. Modern Age

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Longevity clinic Modern Age shut down Friday after failing to secure “adequate outside capital,” beauty, fashion, and wellness news outlet Glossy reported.

The company, which began in 2021 and had two New York City-based clinics, offered $500 aging wellness assessments that included a blood draw and bone density scan, with the option to enroll in a six month follow-up program for an additional $500. The clinic also offered wellness and weight loss services, like Botox and GLP-1 prescriptions.

“It has been a privilege to help thousands of patients since we opened our doors in 2022, but in today’s challenging business climate, it is not possible for us to continue to operate the business,” Modern Age founder and CEO Melissa Eamer wrote in an email to patients Friday morning.

Customers also received emails Friday morning with cancellation notices of upcoming appointments, and an automated email from Modern Age noted that the company is “actively processing refunds for any services that have yet to be delivered.”

Patients can also request their health records until the end of the month, according to Modern Age.

The company let go of its fewer than 40 full-time employees, Glossy reported.

“Modern Age raised $33 million in outside capital, including $27 million in a Series A fundraise in October 2021 led by Oak HC/FT, alongside GV and founding partner Juxtapose,” according to Glossy.

The companies didn’t immediately return Healthcare Brew’s request for comment.

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Healthcare Brew covers pharmaceutical developments, health startups, the latest tech, and how it impacts hospitals and providers to keep administrators and providers informed.