Lively Inc., a San Francisco, CA-based developer of a sensor system to monitor elderly people, raised a $4.8m in Series A funding.
The round was led by Cambia Health Solutions Inc., with participation from seed investor Maveron.
The company intends to use the funds to manufacture and begin marketing its system.
Co-founded by Iggy Fanlo, CEO, David Glickman, COO, and Keith Dutton, CTO, Lively offers an activity-sharing product that aims to help older adults live at home longer.
The product has two components:
– a connected device that uses passive activity sensors that are applied to everyday objects in the older adult’s home; and
– LivelyGram, a printed mailer that shares what their younger family members are up to.
Lively is currently available in the U.S.; versions planned for other International markets will be announced by the fourth quarter of 2013.