Sheffield-based Arquella, who have developed a cost effective and cutting-edge app for the care home sector that eases red tape, have secured £850,000 funding with a joint investment from Traditum & Mercia.
Arquella offers a unique time efficient management system, AIDA, it’s ‘moment of care app’, designed to replace outdated and unintegrated pager and paper systems that much of the industry relies on. It integrates data through ‘touch of a button’, one of a kind, cloud-based tech to not only create and deliver planned care but to accurately record and monitor reactive care in real time, in line with the Care Quality Commission (CQC) standards.
This latest fundraise will enable Arquella to continue to expand and target the rapidly expanding residential care home sector across the UK and Europe.
Lucy Holroyd, Associate advised Arquella in relation to the investment and is delighted with the outcome. Lucy wishes Paul Howell, Ian Jones and the rest of the team at Arquella all the best for this exciting next chapter.
Ian Jones, Director of Arquella, comments:
We have been delighted with Schofield Sweeney’s support on this fundraise.
Steven Holmes, Commercial Director at Arquella, comments:
We are excited about our new partnership with Traditum, and are extremely proud to have received further funding from Mercia, who have supported us and enabled us to develop our proprietary technology.
To have our progress and vision recognised by such investors is a huge compliment. The new funds will enable us to scale more quickly by growing our sales and marketing activity and our international sales channels.
The investment comes from two entities – Leeds-based Traditum Private Equity and the Northern Powerhouse Investment Fund (NPIF) which is managed by Mercia Equity Finance which focusses on supporting businesses in Yorkshire, Humber and Tees Valley.