Log my Care, whose software platform enables care homes and social care organisations to digitise, has raised a further £3m funding from existing investor Mercia Ventures.
The latest investment will help it to establish itself as a leader in the learning disability sector and expand its presence in home care.
Log my Care enables carers to record patient notes, access medical records and receive prompts and reminders via a mobile app.
The platform typically saves carers up to an hour per shift and enables them to create personalised care plans in a third of the time. It also helps care providers to improve efficiency, care quality and oversight.
Founded in 2017 by former University of Oxford engineering students Sam Hussain and Adam Hurst, Log my Care is one of the fastest-growing platforms of its type and now supports over 1,300 care providers with around 20,000 patients.
It is particularly popular with independent care providers and those in the learning disability sector.
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The company, which now employs 35 staff, increased annual recurring revenue by around 80 per cent in 2023 and has just broken through the £2m barrier.
It is also about to launch a new GP Connect service that will integrate with the NHS and enable carers to access data from GP records.
The funding will enable it to develop a rostering tool to help agencies to manage the complex staff schedules involved in providing home care visits. The latest funding round brings the total raised by the company to over £7m.
While many care providers still rely on paper records, the government is providing funding to encourage them to switch to digital social care records (DSCRs). Its £25m-a-year scheme has recently been extended until March 2025. Log my Care has been approved by the NHS as an assured supplier of DSCRs.
Sam Hussain, CEO, said: “By giving carers more time to spend with patients and access to better information, Log my Care helps improve the quality of care for those who need it most.
“The funding will enable us to continue scaling our business in the UK and extend the positive impact the system is making, by increasing the number of patients it looks after from 20,000 to over 100,000.”
Henry Hamilton of Mercia Ventures added: “Care providers are recognising the need to move to digital technology, aided by government incentives. Log my Care really resonates with independent care homes as an easy to use product that improves efficiency at an affordable price.
“The company has been growing rapidly. This latest investment will enable it to further expand its market share and establish itself as the leading platform for care providers in the field of learning disabilities.”
Mercia Ventures makes equity investments of up to £10m across all sectors, with specialisms in software, consumer, healthcare and DeepTech.
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Mercia Ventures is a trading name of investment funds managed by Mercia Fund Management, which has c.£1.5bn of assets under management.