The senior living services company's venture unit will invest up to $1m a time from the fund, raised in partnership with investment bank Ziegler.

Link-Age, a US-based operator of senior living communities and ageing research activities, has closed a $26m venture capital fund with investment bank Ziegler, Cincinnati Business Courier reported on Tuesday.

Link-Age Ventures, the company’s corporate venturing unit, funds early-stage businesses developing technology to meet the needs of senior citizens. Its managing director, John Hopper, will act as chief investment officer for the new fund.

The fund, which is a 50-50 joint venture, will invest between $500,000 and $1m in each startup,…