A health tech supplier that supports care homes and social care organisations to digitise has raised £3.25 million in funding led by Mercia, with Oxford Capital and angel investors also participating.
London-based Log my Care supports carers to transition from paper processes to a digital record that can be accessed through a mobile app. The company notes time savings and the ability to use data as part of care plans as some of the benefits.
The funding will be used to support the company’s growth plans in the UK, explore international opportunities and further develop the platform.
As part of the company’s pricing strategy it offers a freemium model, which the company said has helped grow the use of the app to 800 care providers. In addition its monthly revenues have grown 300 percent in the past year.
Oxford students Sam Hussain and Adam Hurst founded the company in n 2017 as a result of their ambition to bring consumer-quality software to the care sector.
Stephen Hampson, Investment Director, Oxford Capital, commented on the raise: “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.”
