UK’s Lottie Raises $21M in Series A Funding

In a significant development for the UK’s rapidly evolving property technology and healthcare sector, Lottie, the London-based online marketplace connecting care seekers and retirees to care homes and services, has successfully raised $21 million in Series A funding. The investment round, led by Accel, with participation from previous investor General Catalyst, has propelled Lottie’s total funding to an impressive $31 million.

Lottie, founded in 2021 by brothers Will and Chris Donnelly, has quickly emerged as a transformative force in both property technology and healthcare. This digital marketplace provides a user-friendly platform for care seekers to connect with a wide array of care homes and services, all while ensuring fair pricing. With over 4,000 high-quality care, home care, and retirement living options available for comparison, Lottie simplifies the daunting task of finding the right care solution.

What sets Lottie apart is its commitment to providing comprehensive support throughout the entire care-seeking journey. Their team of dedicated care experts is on hand to assist individuals and families at every stage of the process, offering guidance and ensuring that care seekers make informed decisions.

In a strategic move, Lottie acquired Found, a suite of technology tools, in 2022. This acquisition has allowed the company to revamp and modernize services within care homes themselves. Found by Lottie equips care providers with a range of essential tools, from managing enquiries and customer relationships to handling networking, occupancy, finance, billing, and providing real-time bed availability updates.

The $21 million raised in this Series A round will be instrumental in further enhancing Lottie’s technology suite and expanding its already impressive 50-strong team based in London. The company has ambitious plans to double its workforce by 2024, signaling its commitment to redefining the property technology and healthcare industries through innovative technology and personalized service.

With this substantial funding infusion, Lottie is poised to make an even greater impact on the UK’s property technology and healthcare landscape. The future looks promising as Lottie continues to bridge the gap between care seekers and top-notch care providers, ultimately improving the lives of those in need of care services and property solutions across the United Kingdom.