Independa Secures $1.8M in Debt and Seed Financing; Plans to Raise further $600K

Published On September 22, 2011 |

Independa, Inc., a San Diego, CA-based provides technology-enabled products and services for supporting elderly people, has closed a $1.6m seed funding round and received $200k in debt financing from Silicon Valley Bank (NASDAQ: SIVB).

Seed investors include Miramar Venture Partners and City Hill Ventures. The company is also raising an additional $600k in venture capital funding.

Independa plans to use the funds for product line development, market-distribution channel building and sales and marketing initiatives with pilot programs for customers.

Led by CEO Kian Saneii, Independa recently launched its Angela™ personal interaction solution, which provides social engagement that helps the elderly continue living healthy, safe, rewarding lives in their own residences.
It is a tablet-based service that offers an intuitive interface with secure, one-touch access to video chats, email, the Internet, Facebook, games and puzzles, and other interactive content.
Angela is fully integrated with Independa’s Smart Reminders™, which was launched in January and uses patent-pending technology to enable caregivers to set up automatic reminders for care receivers to take their medications, keep medical and social appointments, and record life stories.
The company plans to add wireless health and safety sensors to its platform later this year.

FinSMEs

22/09/2011

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