Lottie secures £6.1m in seed follow-on funding led by General Catalyst
The extension round values the eldercare marketplace at £45m and will support national expansion and product development.
Lottie operates an online marketplace connecting families with eldercare services, retirement living, and care homes across the United Kingdom.
Lottie has secured £6.1m in a seed follow-on funding round led by US venture capital firm General Catalyst. The capital injection extends an earlier £2.5m seed round closed in January, bringing the company's total funding to over £9m and valuing the business at £45m.
The newly raised funds will be directed towards national platform expansion, the development of digital tools for care providers, and scaling Seniorcare, the company's eldercare employee benefit portal. Lottie has experienced rapid growth since its launch, expanding its headcount and increasing customer enquiries significantly amid rising demand for elderly care solutions.
From the founder
"COVID-19 has supercharged the move of the later living industry from offline to online, from the initial search process and how care seekers engage with later living communities, through to the adoption of digital care plans and new operational technologies"
Will Donnelly
Co-Founder and Co-CEO at Lottie
Investor perspective
"Today, elderly care is characterised by a broken care seeker experience, constrained supply of high quality, affordable homes and an increasingly challenging operating environment."
Chris Bischoff
Managing Director, General Catalyst
Use of funds
- 01Continue product development
- 02Expand into international markets
