WellAWARE Systems Gets First Time Capital from Valhalla. 11/17/2009 Private Placement.
You have to like the way this one looks—traditional, retro venture investing from Gene Riechers at Valhalla. WellAWARE of Charlottesville “provides a monitoring solution that gathers and reports behavioral and wellness information of a cared-for individual, in their home or at a senior living facility.” This investment is later stage and it involves proprietary technology, add-on services, and a growth market that takes advantage of the aging of America trend. The investment size at $7.55M is just right for two middle market funds like Valhalla and .406 Ventures. This is classic, growth sector investing. These don’t come along very often. Let’s hope it rings the bell for our AlwaysOn VC and all concerned.
