By Kristy Dorsey
An Edinburgh technology company focused on improving the delivery of care in the home has secured a six-figure investment in its first round of external funding.
Time for You (TfY) Care uses a software platform and smartphone application to monitor the movements of staff and the needs of those requiring care to create better use of resources. The new £350,000 investment, led by Stirling-based ESM, will be used to improve the technology as care in the home comes increasingly under the spotlight.
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“We saw this investment as a really positive step even before coronavirus was on our horizon, however the change in circumstances from where we began the investment process to now has made us realise even more just how important an area this is to people,” said Steven Morris, chairman of ESM.
ESM is an early-stage technology investment group, and was advised on the TfY investment by Harper Macleod.
The deal was also supported by Investing Women, Scotland’s only all-female business angel group.
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“The positive impact this company will have on people’s lives and the value placed on caring as a career is heartening,” said Jackie Waring, chief executive of Investing Women.
“We are equally thrilled to be investing alongside ESM and look forward to much ongoing collaboration with Steven and the team working with great entrepreneurs.”
Previously known as Care Home App, TfY Care is run by chairman Steve Langmead and chief executive Melissa Singh. It has been trading under the TfY brand since July 2019 and currently has 50 employees.
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