Software platform Log my Care raises £3.25m to help care sector ‘go digital’
Log my Care has raised £3.25m in a funding round led by Mercia, with Oxford Capital and angel investors also participating.
Log my Care enables carers in any setting to replace paperwork, easily find patient records and save time through the use of a mobile app. The platform, which saves carers up to an hour per shift, harnesses data to create personalised care plans and helps organisations improve how they run.
The only UK product of its type that offers a freemium model, Log my Care has been rapidly growing its client base. It is now used by over 800 care providers of all sizes, supporting 10,000 people each week.
The London-based company has increased monthly recurring revenue by almost 300% in the past 12 months and increased its staff numbers from 6 to 24.
Log my Care was founded in 2017 by former University of Oxford students Sam Hussain and Adam Hurst with the aim of making technology accessible to everybody in social care. Sam previously worked for a Singapore-based care management platform and felt he could bring consumer-quality software to the care sector at an affordable price.
The company has previously raised £1m from angel investors to help make it a best-in-class platform. The latest funding round, which was also joined by angel investors Alexander Limpert, Matthew Westerman and Steven Meersman, will enable Log my Care to strengthen its foothold in the UK market, enhance the platform further and explore new opportunities internationally in line with its mission to become the world's leading digital care management platform.
Mercia was investing from its Northern Venture Capital Trusts (VCTs). Alex Gwyther of Mercia said:
"While many care providers are still using paper, there is growing pressure from regulators and government for them to go digital. Log my Care provides an easy-to-use solution that covers all the bases and is affordable even for smaller providers. The company has been expanding rapidly and this new funding will further boost its growth. We’re looking forward to supporting Sam, Adam and the team as they help improve social care across the UK and beyond."
Stephen Hampson, Investment Director, Oxford Capital added:
"We’re really proud to have backed founders Sam and Adam on their mission to deliver an outstanding care management system in a sector which is fragmented, analogue and under-served by its legacy products. At Oxford Capital, we’re passionate about backing early-stage companies in sectors the UK is considered a world leader and we’ve got a growing number of digital health companies in our portfolio. The team have already made huge strides to build the business and we’re looking forward to supporting them on their growth journey."
Alexander Limpert, CEO & Co-Founder of GuestReady said he was:
"Excited to get behind a mission-driven business that’s looking to make social care easier, better and more affordable. Digitalisation in care is lacking and there's plenty of room for growth. The sector needs more modern tools and Log my Care is revolutionary compared to existing solutions."
