Digital care home platform raises multi-million investment follow on
LONDON: Digital care home platform Log my Care has raised millions as it looks to expand its support services for people with learning disabilities.
Founded in 2017, Log my Care is used by carers to record patient notes, access medical records and receive reminders through mobile notifications. The app can also be used to create personalised care plans.
The company claims that care home workers can save up to an hour per shift through its platform.
Sam Hussain, the company’s 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.”
Log my Care posted revenue of just over £2m in 2023 and is looking to use its new investment to launch a GP connect service. This will integrate with NHS data to enable users to access GP records.
Hussain added that with the new funding, the company aims to grow its patients from 20,000 to more than 100,000.
The funding came from previous backer Mercia Ventures, a British investment firm providing private equity and debt investment ranging from £100,000 to £10m
“Care providers are recognising the need to move to digital technology, aided by government incentives,” said Henry Hamilton, an investment manager at Mercia Ventures.
“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.”
The latest funding round brings the total raised by the company to over £7m. Log my Care’s last round, a £3.3m investment from Mercia, was in November 2022.
