Domiciliary care software developer Liquid Bronze Limited has secured an equity investment from The North West Fund 4 Digital & Creative, managed by AXM Venture Capital, alongside investment from an angel syndicate.
Manchester-based Liquid Bronze, whose flagship product is the Malinko SaaS platform (www.malinkoapp.com) has developed a SaaS management suite which allows domiciliary care agencies to efficiently 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, added: “We are delighted to support Liquid Bronze with this subscription from the North West Fund 4 Digital & Creative. 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 the addition of Anish Kapoor, co-founder of Telecity and founder of Yuuguu, who has joined as a non-executive director.
The North West Fund for Digital & Creative is part of The North West Fund and is financed by the European Regional Development Fund and the European Investment Bank.