Home monitoring firm raises further £900k
Intamac, a Northants based leading service provider for internet-based remote home monitoring and management, has raised a further £900,000 of funding from its existing private investors.
This brings the total funding of the company to date to £2.8 million. The additional capital will be used to bring three new product offerings to market in the coming weeks with BT and major partners in the Canadian and Australian markets and to build on the lead Intamac has built up in developing internet-based services for the broadband-enabled ‘digital home’.
Intamac was advised in the new funding round by Ariadne Capital. A number of well-known and respected UK entrepreneurs have backed Intamac to date including: Mark Blandford, the founder of Sportingbet; Peter Wakeham, the founder of WILink; Nigel Burton, the CFO of Granby Oil & Gas.
Joining in this round of funding are: John O’Connell, the founder of Staffware (now Tibco); Tina Rogers, portfolio non exec chairman and business angel; and Jonathan Rowland, a private investor with the Rowland family.
Pace Micro Technology plc, the world’s largest dedicated developer of digital TV set-top box technology, is a 10.7 per cent shareholder in the firm.
As an initial service, Intamac is bringing householders a complete home security monitoring with video surveillance service for £5 a month, not including broadband.
It means the elderly or other people living alone can, at very low cost, have peace of mind when they are away.
“If someone breaks into your home, you would immediately receive an alert to your mobile phone enabling you, your neighbours or family to inform the police,” says Kevin Meagher, CEO of Intamac.
“Parents can also monitor their children when under the care of nannies or babysitters, when they have left teenagers at home in charge of the houses or where they have an elderly or infirm relative living with them.”
More than 40 partners have requested the Intamac service for their customer bases.