Independa, Inc., a telehealth innovator, recently closed a seed round of venture capital funding that to date has raised $1.6 million for the company as it prepares for a major expansion in services for independent seniors.
The funding came from private investors and Southern California venture capital firms Miramar Venture Partners and City Hill Ventures. Independa also received $200,000 in debt financing from Silicon Valley Bank.
Current investors have unanimously authorized raising an additional $600,000 in venture capital funding because of strong interest the company continues to garner from other potential investors, says Independa. The company will use this funding to support ongoing development of its product line, build its market-distribution channel and go to market with pilot programs for customers, said CEO Kian Saneii.
“We consider this funding a strong endorsement of Independa’s expansion and growth strategy,” said Saneii in a statement. “It leaves us well-positioned to continue broadening our integrated telecare platform prudently as we take advantage of mounting interest in telehealth solutions in general and in elder care in particular.”
Independa plans to add wireless health and safety sensors to its platform later this year, which will follow its launch of a personal interaction solution for the independent elderly, which provides “important social engagement” that helps seniors to continue to remain safely at home.
The tablet-based service offers an intuitive interface with secure, one-touch access to video chats, email, the Internet, Facebook, games and puzzles, and other interactive content. It also adds visual notifications to existing telephone alerts as options for receiving reminders, as well as confirmation to caregivers that reminders have been acknowledged and confirmed, closing a daily communication loop for medication compliance.
Written by Alyssa Gerace
