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Newcastle body clock tech innovator Circadacare secures 拢500k investment

The business says the funding means it can speed up work on its products based on the feedback of early adopters

From left: Tim Wiles, CTO, Circadacare and COO Tallie Bush show their product feeding back data.(Image: Kevin Gibson Photography)

A healthtech business that uses knowledge of people's natural body clock and neuroscience has landed £500,000 of investment.

Circadacare, which moved into The Catalyst building at Newcastle Helix last year, has secured further backing from Northstar Ventures via £250,000 from the North East Innovation Fund, which is supported by the European Regional Development Fund. There was also investment from new and existing angels, as well as a grant from Innovate 海角视频's North East digital launchpad scheme.

The five-year-old firm's flagship product, Heleos, combines circadian lighting technology with monitoring capabilities and is intended to support independent living and reduce care costs. It comes in response to the country's ageing population, and the pressure that puts on the health and social system.

Circadacare has identified that standard lighting used in homes, hospitals and supported living facilities can negatively impact the body's natural rhythm, which in turn effects patients' sleep, mood and cognition. That can increase the risk of falls.

Heleos is an easy-to-install smart lamp that gathers data about movement and sound, determining when an intervention may be required and providing feedback to clinicians, carers and families. Circadacare is now working with local authorities, domiciliary care providers and care home operators and was awarded a grant from the Longitude Prize in Dementia in 2023, along with several healthy ageing grants from Innovate 海角视频.

Tom O’Neill, investment manager at Northstar Ventures, said: "We’re delighted to support Circadacare with further investment which will be used to deepen commercial partnerships with key customers and improve the quality of care received by users. Congratulations to Tallie and the wider Circadacare team."

Tallie Bush, COO, Circadacare, said: "This funding comes at the perfect time for Circadacare. It enables us to accelerate our development roadmap and expand Heleos' capabilities based on the valuable feedback we've received from our early adopters. We're passionate about refining the technology that's already making a difference in elderly care settings. With Northstar Ventures' support, we can enhance our offering, building on our strong foundation to create even more powerful tools for older adults and their carers."

The latest injection of funding from the North East Innovation Fund follows last year's £1.3m fund raise by Circadacare. That came alongside additional grants of £358,000 from Innovate 海角视频 through the Healthy Ageing Innovate 海角视频 grant and £80,000 that came from the Longitude Prize in Dementia.