GrandCare Systems secures £550k from Maven Equity Finance to expand sales and product development
The Seed round was led by Maven Equity Finance to support team expansion and product development.
GrandCare Systems provides a cloud-based interactive monitoring system that supports specialist adult and elderly care in residential and commercial settings. The platform connects vulnerable individuals with family, friends, and healthcare professionals via a large touchscreen.
GrandCare Systems has secured £550k in a Seed funding round led by Maven Equity Finance through NPIF. The capital will be deployed to expand sales across existing clients such as the NHS and local authorities, while growing its presence in the care home sector. Additionally, the business plans to fund product enhancements and create 10 new roles in Greater Manchester.
The company operates a cloud platform that facilitates communication and health monitoring for elderly and vulnerable adults. Backed by an experienced management team, the fresh capital arrives amid rising demand for technology-enabled care solutions outside traditional settings.
From the founder
"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."
Stella Warnes
Founder at GrandCare Systems
Investor perspective
"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."
Alex Rothwell
Investment Manager, Maven Equity Finance
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
- 03Grow the team
Investors
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About the company
GrandCare Systems
GrandCare Systems develops a cloud-based interactive monitoring platform for adult and elderly care.