A software startup that enables care homes to go digital has raised £3.25m.
The funding round for Log my Care was led by Mercia, with Oxford Capital and a number of angel investors.
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.
It’s estimated that the platform saves carers up to an hour per shift, harnesses data to create personalised care plans and helps organisations improve how they run.
Log my Care 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 per cent in the past 12 months and increased its staff numbers from six 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.
Hussain 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 and explore new opportunities internationally.
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.”
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