Health care technology firm Care Technology Systems has received its first investment, an angel round from the leader of a Washington, D.C.-based company. Care Technology is developing a software product designed to help seniors age in place — an in-home appliance that is transparent to the senior being monitored but alerts caregivers if attention is needed — and expects to begin deploying beta units in the second quarter of this year. The company's investment comes from Abstraction Ventures, a funding vehicle created by the founder and chairman of association management software company Aptify Corp., Amith Nagarajan, to pursue seed and angel investments.
"Amith has an incredible track record, having grown Aptify from a startup to a successful global organization that leads its category," said Care Technology CEO Jim Anderson. "We are thrilled to have his expertise on our team."
Anderson (above) declined to disclose the amount of the angel round but said the company will seek additional financing as it moves toward commercial release of is product, expected in the second half of 2011. See Also: Our coverage of a company with a similar concept, Scotte Hudsmith's Parental Health.