Tyneside healthy ageing tech firm Circadacare secures £1.3m investment
Summary
A Tyneside lighting technology firm has raised \xa31.3m to ramp up its work into helping people live independently for longer.Circadian Lighting Limited, which trades as Circadacare from The Catalyst at Newcastle Helix, has raised investment to launch its remote-monitoring solution Heleos into the independent living care market in the first quarter of this year. The funds raised will drive Circadacares development and expansion plans, aiding investment into product research as well as helping to grow the Newcastle-based team. Read more : Sage hails strong start to the year Go here for more North East business newsThe companys lighting systems are built around the concept of circadian rhythm the natural process in our bodies that regulates the sleep-wake cycle, which repeats around every 24 hours. By harnessing the combined potential of circadian light technology and advanced AI monitoring, we can deliver top-tier independent living solutions.Richard Charnley, investment director at Northstar Ventures, said: We are proud to invest in an organisation such as Circadacare who provide a healthy ageing solution to help people live independently for longer. Their technology has the potential to massively reduce peoples reliance on health care providers and give peace of mind to families and caregivers.