The Talius Group raised $2.5 million in a placement of new fully paid ordinary shares at 0.9 cents per share.
Proceeds from the placement will be used for a better buildout of the Talius platform, aiding further scalability and international expansion.
The funds will also assist general balance sheet requirements for the 2024 pipeline and beyond.
The Talius Group is involved in preliminary discussions with New Zealand healthcare services provider Hato Hone St John to grant them the rights to supply Talius emergency response systems and related software for use in its telecare business.