Lilli secures £4.5m in pre-Series A funding led by West Hill Capital to expand its care technology rollout
The over-subscribed funding round was organised by West Hill Capital to support the deployment of Lilli's machine learning care platform.
Lilli provides proactive lifestyle monitoring technology for the health and social care sector, using sensors and analytics to support independent living. The platform equips care providers and families with real-time insights to identify health changes early.
London-based health technology provider Lilli has secured £4.5m in a pre-Series A funding round organised by West Hill Capital. The financing, which was over-subscribed by half, will support the rollout of the company's machine-enabled care solution. The raise follows recent leadership additions, including the appointment of CEO Gren Paull, as the firm transitions from hardware to software operations.
Lilli's platform uses machine learning to process sensor data such as temperature and power usage, offering real-time wellbeing insights to social care providers. This approach aims to facilitate earlier interventions and reduce hospital admissions. Trials have already taken place with Brent Council, with further evaluations planned alongside Dorset County Council through the Independent Future Group initiative.
From the founder
"The timing for this new preventative approach to care and integration of our smart technology is crucial in meeting the needs of ageing population, this has only been exacerbated by COVID 19. The role of technology has a vital role to play in the future success of care delivery across the UK and globally."
Gren Paull
Chief Executive Officer at Lilli
Investor perspective
"West Hill is delighted to be supporting Lilli enabling them to bring its pioneering preventative technology to the NHS and social care sector. Lilli’s proprietary technology is empowering people to live independently within their own homes for longer, when in the past, an individual’s age, ability or condition would have required constant supervision or care. West Hill seeks to identify companies harbouring strong IP that are potentially globally scalable and we feel that Lilli certainly exhibits these qualities."
Robert Forbes Caie
Managing Partner, West Hill Capital
Investors
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About the company
Lilli
Lilli provides proactive lifestyle monitoring technology to support independent living in the health and care sector.