Tapestry – Elderly Social Site – Raises Further $400k

Congrats to Andrew Dowling and all the Tapestry team on their latest round of capital raising. Reblogged from TechCrunch.

TechCrunch

Australian startup Tapestry, which makes an app for Android tablets to help seniors stay connected to family members, has raised $400,000 in new funding in the form of a grant from Commercialisation Australia — capital it will use to extend its wares to iOS (and beyond tablets), add additional community features, and gear up for a U.S. launch.

It follows $600,000 raised last November from Sydney Angels, with a list of investors that included David Greatorex (founding investor ResMed, SecureNet), Su-Ming Wong (CHAMP Private Equity), Brand Hoff (Tower Software, Director NICTA).

Targeting the ageing population and their family members, Tapestry’s service — currently an Android tablet app — is an attempt to simplify the social web and make it more accessible to less tech-savvy seniors in order to help them stay connected to family. It does this through a user interface that relies on two different account types —…

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