Teletoddler receives £450,000 of investment
Regional development funds and business angels have backed the company to expand
A company aiming to use technology to improve safety for children has been backed for £450,000 by regional development funds and business angels to expand.
Sheffield-based Teletoddler has received £200,000 from both the South Yorkshire Investment Fund (SYIF) and the Coalfields Enterprise Fund, as well as £50,000 from private investors.
The company, formed in 2004 by former naval scientist George Bathurst, provides internet enable security camera systems for classrooms and playrooms.
“These are connected to a video server which digitally records the images and interfaces to the internet,” Bathurst says.
“Nursery owners, managers and parents can then view live video of children playing and learning via a secure, encrypted connection.”
This service works in tandem with a range of familiar security products such as fire alarms, CCTV and intruder detection.
The investment will boost the company’s working capital as the business develops and takes its offering to clients across the UK.
Teletoddler has also brought a number of well-respected and experienced people into the company to improve its strategy.
These include non-executive directors Bill Hodgins, a specialist in nursery sector finance and strategy and Stewart Pickering, the founder of Kidsunlimited a leading national nursery chain.
Paul Taberner, manager of the Coalfields Enterprise Fund, said: “Under George’s leadership, Teletoddler has established a strong position in what remains an immature market.
“We are convinced that with funding in place and a very capable management team, the business will become a significant player as the market develops further.”
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