Childcare Security Company Receives £450,000 Investment
Published: 31st July 2007
Pictured from the left is George Bathhurst, Managing Director of Teletoddler; Steve Bell of SYIF; Stewart Pickering, of KidsUnlimited; Dr Tony Marchington, Director of Teletoddler, and Martin Manning, Chairman of Teletoddler.
A hi-tech Sheffield company that provides integrated security solutions for the childcare sector is now working to expand its business after receiving the green-light to a £450,000 investment.
Teletoddler Limited, based at Main Street, Hackenthorpe, has received £200,000 each from South Yorkshire Investment Fund (SYIF) and the Coalfields Enterprise Fund and £50,000 from private investors.
Teletoddler was formed in 2004 by former naval scientist George Bathurst. It is now a leading UK provider of internet enabled viewing and security systems for day nurseries and schools.
George explained: “The Teletoddler system provides cameras both externally, for playgrounds and perimeters, and internally for classrooms and playrooms. These are connected to a video server which digitally records the images and interfaces to the internet. Nursery owners, managers and parents can then view live video of children playing and learning via a secure, encrypted connection.”
The company also provides turnkey security solutions, including security review, intruder detection, fire alarms, security, access control and traditional CCTV.
The £450,000 investment will now be used as working capital to support the development of the business. The management team has been strengthened with the appointment of 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.
Steve Bell, Investment Manager at SYIF, said: “The fact that the Company has been able to attract Bill and Stewart, confirms our view that TeleToddler is an exciting company that is run by an excellent management team. The business can establish itself as the leading player in the childcare security field before expanding the service into other markets.”
Paul Taberner, Investment Director at Enterprise Ventures, 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”.
South Yorkshire Investment Fund can provide seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
The Coalfields Enterprise Fund provides finance of £40,000 to £500,000 in the form of equity and equity-related funding to growth orientated new and existing companies based in the former English coalfield regions.
- Invitation to Tender for Fund Management Contracts
- Move to Barnsley
- Jobs boost from investment fund
- Finance Yorkshire looks to a future of investment
- New finance venture to boost businesses
- Screenprint displays the signs of success
- Doncaster hospitality company looks to the future
- Printing company gets it Wright with SYIF
- More Business & Investment News...
About South Yorkshire Investment Fund
South Yorkshire Investment Fund provided seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
Created as part of the Objective 1 programme, the Fund is a private and public sector business finance provider. The European Regional Development Fund and Yorkshire Forward are investors in the Fund.
South Yorkshire Investment Fund also provided access to Business Angel investments from the Yorkshire Association of Business Angels and Microloans through BiG Business Loan Fund and Donbac Microloan Fund.
Finance Yorkshire has now taken on responsibility for providing gap finance in Yorkshire and the Humber.
For further details please contact Suzanne Tinkler, on 0845 649 0000.
South Yorkshire Investment Fund Ltd is a company limited by guarantee (Registered No 3936065). South Yorkshire Investment Fund comprises three sub funds, the South Yorkshire Investment Capital Fund, the South Yorkshire Investment Development Fund, which are each managed by YFM Venture Finance Limited, and the South Yorkshire Investment Small Business Fund, which is managed by Finance South Yorkshire Ltd. YFM Venture Finance Limited (Tel 0113 294 5000) and Finance South Yorkshire Ltd (Tel 01709 386 377) are each authorised and regulated by the Financial Services Authority. South Yorkshire Investment Fund also provides a number of services, which are not regulated by The Financial Services Authority. These include the pilot Seedcorn Fund, BiG Business Loan Fund, Mentorbank and access to the Donbac Microloan Fund. BiG Business Loan Fund is managed by Donbac Ltd (company registration No. 01925556) and Key Fund Yorkshire Ltd (Tel 0114 242 8900).