VideoCare Raises Seed Funding For Cloud-Managed Remote Senior Care

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New touch-screen technology enables remote care by family and professional caregivers.

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“Aphelion Capital and California Technology Ventures are great partners,” said David Trescot, CEO of VideoCare.

VideoCare, Inc., a developer of cloud-managed remote senior care technology, announced today that Aphelion Capital and California Technology Ventures have provided seed equity funding. This funding will drive VideoCare’s expansion with partners in senior care markets, including non-medical home care, home health care, and facility care. VideoCare has already partnered with over two dozen leading providers in these markets since the company was officially announced in November of 2012.

VideoCare has developed a system that allows remote caregivers (both family members and professionals) to provide face-to-face support and companionship to seniors. Because an estimated 70% of people over the age of 75 do not use computers, the VideoCare system is designed so that the care recipient does not need any technical skills. The care recipient interacts with an extremely simple interface on a touch-screen system. There is no keyboard or mouse. All management of the system is handled remotely by the caregiver via the web. VideoCare goes way beyond video calls, allowing remote caregivers to manage reminders for medications and other activities of daily living. Remote medical staff can also track vital statistics from connected wireless medical devices. The VideoCare system even acts as an entertainment hub, giving elderly users access to photos, videos, and music.

“Aphelion Capital and California Technology Ventures are great partners,” said David Trescot, CEO of VideoCare. “Their expertise in supporting medical systems companies is proving invaluable, and they are a welcome addition to our board.”

“Care for the elderly is a field that is rapidly growing with our aging population,” said Ned Scheetz, Managing Director of Aphelion Capital. “We are excited about VideoCare’s innovative approach to creating a remote care platform that can be used by both families and professional caregivers.”

For more information on the VideoCare system and VideoCare, Inc., visit http://www.videocare.com, call (650) 933-5150 or email at info(at)videocare(dot)com.

About Aphelion Capital

Founded in 2005, Aphelion Capital, LLC, is a venture capital firm focused on supporting the growth of innovative medical technology with an emphasis on fast to market, low capital intense products that reduce the cost of delivering quality healthcare. The Aphelion team has experience investing in healthcare companies across both the private and public equity markets. http://www.aphelioncapital.net

About California Technology Ventures

California Technology Ventures in Pasadena, CA, is a venture capital fund that makes direct investments in technology and life science companies. CTV has built a strong reputation for its entrepreneurial approach to investing and working with companies. http://www.ctventures.com

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David Trescot
dtrescot@videocare.com
650-799-6435
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