Independa raises $5M; backers include LG

3 Jan 2013

Independa has closed a $5 million financing round with healthcare investment firm City Hill Ventures, a previous investor, as well as LG, a strategic partner, in addition to other, unnamed investors.

The round, which also included the conversion of the company’s convertible note totalling $2.35 million, will support expanded sales, R&D and distribution of its solutions aimed at older users.

The company’s Angela platform can be used on tablets, smartphones and commercial TVs.

Independa announced a strategic alliance with LG in January 2012 so that its solutions are embedded on the Korean vendor’s TVs used in senior living communities.

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Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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