With the well documented long-term growth metrics of Australia’s aged care sector, Intelicare plans to tap public markets to fund the next stage of growth for its sensor-based home monitoring system.

After a successful round of investment funding in 2019, from both state governments and private investors, InteliCare was able to develop and patent its sensor-based home-monitoring system. With strong interest from sophisticated investors, InteliCare now plans to enter the ASX with another round of funding aiming at getting $5 million.

Speaking with Stockhead, InteliCare CEO, Jason Waller explains why the company is poised for a growth period following a successful R&D phase. Jason has previous experience as the CEO of aerial-mapping company Spookfish, which was listed on the ASX and subsequently sold in 2018 to US company Eagle View for $US90m ($134.5m).

The growing interest in the combination of aged care and AI technology made Intelicare a good candidate for a public listing at this stage of its growth phase. As the company prospered, Waller mentioned how the public markets offered a more effective platform for acquiring more funds through key investment partners.

Intelicare is optimistic that its IPO raise will be supported by one or two cornerstone investors who will take a long-term perspective of the overall market trend.

Read Jason’s full explanation of InteliCare’s position and future growth.