Intamac secures £2 million

Home control systems business Intamac has attracted £2 million from venture investors Seraphim Capital and the Chandos Fund.


Home control systems business Intamac has attracted £2 million from venture investors Seraphim Capital and the Chandos Fund.

Home control systems business Intamac has attracted £2 million from venture investors Seraphim Capital and the Chandos Fund.

The Northampton-based company, which has developed a web-based platform that enables people to remotely control devices in their home, will use the funding to develop further systems for home security, energy management and social care.

Kevin Meagher, founder and CEO of Intamac, says, ‘In these difficult economic times, it’s great to have Seraphim Capital and Chandos Fund backing our vision for the fully connected home’.

Paul Cannings, director of the Chandos Fund, says, ‘There is clear momentum in the marketplace with telecoms operators, utilities and security companies all looking to bring innovative new broadband services to their customers.’

The deal follows a commercial partnership between Intamac and consumer electronics manufacturer D-Link.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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