Scottish care tech firm receives £350,000 investment

SCOTTISH care tech company Time for You Care has secured a £350,000 investment led by ESM, the Stirling-based early-stage tech investment group.

The cash injection comes as innovation in the care sector become increasingly vital as more people require support in their own home.

Time for You Care uses a software platform and smartphone application to monitor the movements of staff and the needs of those requiring care, replacing back office systems freeing up its workforce to concentrate on caring for people.

The benefits of the technology also allow the business to pay care practitioners at a level that reflects their responsibility and the commitment they make.

The new investment will be used to improve the technology leading to service level improvement and operational efficiencies.

Steven Morris, ESM Investments chairman, who were advised by law firm Harper Macleod on the investment, said:  “We look for businesses who have found a gap in the market that requires to be filled and need capital to scale up.

“We saw this investment as a really positive step even before Coronavirus was on our horizon, however the change in circumstances from when we began the investment process to now has made us realise even more just how important an area this is to people.

Scotland’s only all-female business angel group Investing Women also backed the round.

Jackie Waring, chief executive officer, said:  “The positive impact this company will have on people’s lives and the value placed on caring as a career is heartening. We are equally thrilled to be investing alongside ESM and look forward to much ongoing collaboration with Steven and the team working with great entrepreneurs.” 

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