Liquid Bronze wins equity investment
DOMICILIARY care software developer Liquid Bronze has secured an undisclosed equity investment from The North West Fund 4 Digital & Creative alongside investment from an angel syndicate.
Manchester-based Liquid Bronze has developed a SaaS management suite which allows domiciliary care agencies to manage their operations and co-ordinate home-care staff, and to improve compliance with Care Quality Commission regulations.
Founder Andrew Threlfall said: “We are delighted to secure this investment, which will enable us to rapidly expand our user base in the domiciliary care market and to take advantage of the continuing rapid growth in this sector. We will immediately be putting these funds to work in recruiting new developers to deliver additional functionality on the Malinko platform”.
David Smith, investment director at AXM Venture Capital, which manages the fund, added: “The Malinko product delivers excellent functionality and the financing will help the company achieve a market-leading position from its head office in the North West.”
A member of the angel syndicate, Brian Gray, a director of Gould Hall Computer Services with over 35 years’ experience in the software sector, will join the board as the non-executive chairman. The board will be further strengthened by Anish Kapoor, co-founder of Telecity and founder of Yuuguu, who has joined as a non-executive director.
