Cloud-based, interactive monitoring system GrandCare is targeting the care home sector following a £550,000 investment.
The funding from NPIF – Maven Equity Finance, which is managed by Maven and is part of the Northern Powerhouse Investment Fund, will be used to increase GrandCare’s sales with existing customers, including local authorities, the NHS and housing associations, and develop new customers in the care home sector.
Stella Warnes, Founder of GrandCare UK, said “GrandCare are delighted to have the support of Maven backed by the Northern Powerhouse Investment Fund. GrandCare is a software platform and our primary focus is to bring into one place a series of products to meet specific needs, and actions, helping people maintain their independence, whilst reducing the overall cost of care for providers in the UK.
“We have now purchased the code from GrandCare US to enable us to modify the system to provide our prospective customers integration in to their current platforms and modification to their current system to allow fundamental changes to keep GrandCare ahead of the competition and continue to provide the art of the possible.”
The technology system gives care patients the ability to stay connected to family, friends, carers and healthcare professionals, whilst improving the general quality of living by , providing the individual with social communications, instructions and reminders. GrandCare also works with a wide range of programmable options to allow care-givers to monitor health, movement and medication without sacrificing the importance of privacy.
Alex Rothwell, Investment Manager at Maven, said: “We’re delighted to support GrandCare at this stage in the company’s development, with a real addressable market and innovative system we look forward to working with the business as it expands its customer reach and invests in product development.
“Stella and the team are highly experienced in the sector and dedicated to driving the business forward, with an increasing demand for the company’s technology solution, the business is set to experience rapid growth in the coming years.”