Lottie Raises $21M to Expand Care Marketplace
Lottie, a London-based online marketplace, has successfully raised $21M in Series A funding, bringing the total amount to $31M. The funding round was led by Accel, with participation from previous investor General Catalyst. The company plans to utilize the funds to further invest in its suite of technology products and expand its team in London. Lottie aims to double its current headcount by 2024. The company, founded in 2021 by Will and Chris Donnelly, serves as a digital marketplace connecting care seekers to care homes in the UK at fair prices. Through Lottie, care seekers can easily find, compare, and inquire about more than 4,000 high-quality care, home care, and retirement living services. Additionally, they receive support from a team of care experts throughout the search process.
In addition to its core marketplace, Lottie has developed Found by Lottie, a suite of technology tools acquired in 2022.
These tools aim to enhance the outdated services offered within care homes. Found provides care providers with effective tools to manage enquiries, customer relationships, networking, occupancy, finance, billing, and real-time bed availability. By utilizing these innovative tools, care homes can improve their operations and deliver better services to residents.
The $21M funding will enable Lottie to further enhance its technology offerings and meet the increasing demand for quality care services in the UK. With the expansion of its team, the company aims to strengthen its position in the market and solidify itself as a leading platform in the care sector. By connecting care seekers and retirees with care homes and services, Lottie aims to simplify the process of finding and accessing high-quality care options, ultimately improving the overall care experience for individuals in the UK.
They've invested in Lottie
Get to know these Fintech investors
Click here for a full list of 6,481+ startup investors in the UK