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Lottie secures £6m investment in latest funding round

Residential care comparison website Lottie has been valued at £45m after US venture capital firm General Catalyst agreed to invest £6.125m.

Launched by brothers Chris and Will Donnelly in July 2021, Lottie’s free-to-use digital healthcare marketplace allows care and retirement seekers to locate and compare options across the UK.

The new investment will allow Lottie to expand its offering by investing in new digital tools for care providers, and to grow Seniorcare, Lottie’s eldercare employee benefit portal.

Lottie co-founder Will Donnelly said: “Lottie’s operational technology is already being used by hundreds of the UK’s most forward thinking later living providers, which has been fundamental in allowing an improved customer experience, but also delivering better health outcomes for residents, and, in the long-term, will help deliver a sustainable industry which can meet the care needs of our rapidly ageing population.”

Chris Bischoff, leader of healthcare investment for General Catalyst, will join Lottie’s board as part of the investment. He said: “Lottie is this unique hybrid of matchmaker, comparison website and care property specialist. Blending smart technology with a dedicated team of care experts, the platform is proving itself to be an indispensable ally in helping families and retirees make easy informed choices about elderly care.

"Lottie’s mission to ‘elevate elder care’ aligns with General Catalyst’s health assurance thesis to drive more digitally enabled, decentralised, preventative, and equitable healthcare.

“We are energised to partner with Chris, Will, and the whole Lottie team to help build a better future for those in later life.”

https://lottie.org/

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Upcoming Events

Kent & Medway Registered Manager Conference for Kent Care Providers

Kent County Showground, Detling, Maidstone ME14 3JF
10th October 2023

Care Show Birmingham 2023

National Exhibition Centre, Birmingham
11th October - 12th October 2023

Care Roadshow South

Epsom Downs Racecourse, Epsom
17th October 2023

Dementia Summit

The King’s Fund, No.11 Cavendish Square, London, W1G 0AN
Tuesday 31st October 2023

Kent and Medway Care Sector Digital Event

Mercure Maidstone Great Danes Hotel, ME17 1RE
8th November 2023

Care Roadshow Wales

Cardiff City Stadium, Cardiff
14th November 2023

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