Longevity clinic Modern Age announced the closure of its New York City–based location, citing funding issues as the cause after raising $33 million in outside capital since launching. The announcement follows news in January that it was launching supplement packs to address specific use cases like inflammation.
WHO: Modern Age was launched in 2021 with the mission to help people live longer, healthier lives by giving them the tools to take control of their aging journey. It opened its first flagship studio location in New York City's Flatiron district by early 2022, designed by award-winning architectural designer Madelynn Ringo. The clinic offered wellness assessments that included bone density scans, biomarker analysis, and hormone panels, and a diagnostic follow-up with a clinician that advised on lifestyle modifications for improved health span. Regular cosmetic services were also available, including chemical peels and microneedling.
WHY: The company could not secure adequate outside capital to continue operations.
IN THEIR OWN WORDS: Melissa Eamer, founder and CEO of Modern Age, shared by email to its patients and clients, “While we have been guiding our patients to invest in their future health, we have also worked with like-minded investors to help build the practice,” she said. “However, in today’s challenging funding environment, we have been unsuccessful at raising the capital we need to continue to run the business. As such, we have made the difficult decision to close the business.
"While we will close our doors reaching only a fraction of those we had hoped to help, I’m encouraged by the growing interest and discussion on healthspan and confident that others will pick up where we leave off, ultimately fulfilling our mission of adding millions of years of healthy life expectancy to the world,” Eamer continued.
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