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The Coalfields Enterprise Fund, the venture capital fund managed by Enterprise Ventures on behalf of the Department of Communities and Local Government, has completed an investment in Teletoddler Limited.

06/08/2007

Teletoddler was formed in 2004 by former naval scientist, George Bathurst, and is now a leading UK provider of internet enabled viewing and security systems for day nurseries and schools. The company also provides turnkey security solutions, including security reviews, intruder detection, fire alarms, security, access controls and traditional CCTV.

The company, based in Hackenthorpe, has received a total funding package of £450,000 via a syndicated funding round provided by the Coalfields Enterprise Fund, South Yorkshire Investment Fund and private iinvestors, that will be used as working capital to support the development of the business.

George Bathurst explained, "The Teletoddler system provides cameras both externally, for playrounds and perimeters, and internally for classrooms and playrooms. These are connected to a video server which digitally records the images and interfacces to the internet. Nursery owners, managers and parents can then view live video of children playing and learning via a secure, encrypted connection".

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.

Paul Taberner, Investment Director at 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".

ENDS