Lottie, a London, UK-based provider of a comparison website for residential care and independent living, raised £6.125M in funding.
The round was led by General Catalyst. This newest capital injection is an extension of a £2.5M seed round which initially closed in January 2022, led by early stage venture capital firm Kindred. Lottie has also previously received backing from the likes of Monzo founder Tom Blomfield and Lendable co-founder Victoria van Lennep. Chris Bischoff, leader of healthcare investment for General Catalyst, will join Lottie’s board as part of the investment.
The company intends to use the funds for national expansion of the platform, investment in new digital tools for care providers, to make further inroads into the retirement living sector and charge the growth of Seniorcare, its eldercare employee benefit portal.
Launched by Chris Donnelly and Will Donnelly in July 2021, Lottie provides a free to use digital healthcare marketplace and concierge service that allows care and retirement seekers to locate and compare the UK’s best later life living options at a fair price.
The company is now worth £45m, and employs 40 team members.
FinSMEs
25/07/2022