Stonewedge, a developer of technology that helps seniors maintain independent lifestyles, has raised $500,000 in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission. Only one investor participated in the offering.

Stonewedge Corporation is dedicated to developing a technology platform that specifically focuses on the needs and requirements of older adults, their caregivers and family. The firm's products are designed to maintain and enhance health and wellness. In addition, Stonewedge products address the "perfect storm" of rising costs, increasing demand and shortage of professional caregivers.