Health tech start-up opens in Silicon Valley
A Glasgow health tech startup that has been dubbed the “Facebook for care” is to open an office in Silicon Valley after catching the eye of US venture capitalists.
Storiicare, founded in 2014 by Cameron Graham, is also seeking to raise up to £5 million next year to support its development and ramp up sales and marketing, having already launched a crowdfunding campaign on Seedrs.
The firm has developed a social network that allows care staff to record their activity and help families keep in touch with their loved ones.
Graham, the start-up’s chief executive, travelled to California in April, where he pitched to a range of venture capitalists including Sequoia Capital chairman Sir Michael Moritz, who has previously backed Edinburgh-founded travel search giant Skyscanner.
Graham said: “We were thrilled to get the chance to pitch to Michael Moritz and it was massively encouraging that he was so supportive of what we’re trying to do at Storiicare and that Sequoia would be interested in investing on the back of a bit more traction in the business.”
He added: “The US is the largest healthcare market on the planet and we’re now winning our first contracts Stateside, which is a massive boost on top of the business we’re already doing in the UK.”
Storiicare has also attracted investment from care homes entrepreneur Robert Kilgour.
He said: “I believe Storiicare and the team behind it are on to something big. I look forward to supporting the team and to an exciting and productive future.” 0 Storiicare was founded by CEO Cameron Graham