Investment and business support provider Mercia Fund Management has added Canary Systems to its portfolio of tech companies after providing more than £200,000 of capital.
Dorset-based Canary Systems has created a system which aims to enable elderly people to live independently in their own homes for longer by using mobile and wireless technology to monitor daily activities, movement, heat and light.
Text and email alerts are then sent to friends and family members to provide reassurance.
The funding from Warwickshire-based Mercia, part of a first tranche of seed capital, will be used to refine Canary Systems' product ahead of its market launch and to build its first production order.
Canary Systems said it planned further additional funding commitment from investors as part of a second tranche to help support a full launch and to run a series of pilots and large trials with local authorities and domiciliary care organisations.
Mercia's senior investment director Tim Hazell said: "Canary Systems is just one of the companies that form part of Mercia Fund Management's expanding portfolio of innovative and scalable businesses.
"Technology which helps the elderly and frail to live safely in their own homes is an exciting growth area and Canary is ideally placed to address this opportunity. We are very excited about the prospects for both the company and our investment."
Mercia Fund Management is a venture capital fund manager with over £19 million under active management.