London-based Log my Care, a digital care management platform, announced that it has secured a further £3M (approximately €3.49M) in funding from its existing investor, Mercia Ventures.
With this round, the company has now raised over £7M (approximately €8.15M) in total funding.
Henry Hamilton of Mercia Ventures says, “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.”
Capital utilisation
The funds will help Log my Care to become a “leader” in the learning disability sector and expand its reach within home care services.
Sam Hussain, Founder and CEO of Log my Care, says, “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.”
The funds will also support the company’s development of a rostering tool to help agencies in managing the intricate staff schedules required for home care visits.
Log my Care: “Transforming care for society’s most vulnerable people”
Founded in 2017 by former University of Oxford engineering students Sam Hussain and Adam Hurst, Log my Care offers a mobile app that enables carers to record patient notes, access medical records, and receive reminders.
This saves carers time and improves efficiency, allowing for personalised care plans to be created quickly. The platform also enhances care quality and oversight for providers.
Log my Care claims to have become one of the leading platforms in its field. Currently, it supports over 1,300 care providers serving around 20,000 patients.
The platform says it is especially favoured among independent care providers and those specialising in the learning disability sector.
With a current team of 35 employees, Log my Care reported an 80 per cent increase in annual recurring revenue in 2023, surpassing £2M.
A new GP Connect service
Log my Care is on the brink of launching a new GP Connect service that will integrate with the NHS, allowing carers to access General Practice (GP) record data.
The Dutch company reports that it has NHS approval as a trusted supplier of digital social care records (DSCRs).
The government’s £25M annual scheme to promote DSCR adoption has been extended until March 2026, offering an opportunity for Log my Care and care providers to transition from paper records to digital systems.
Brief about Mercia Ventures
Mercia Ventures is a venture capital firm that invests up to £10M in various sectors, including software, consumer, healthcare, and deep tech, aiming to be a “first-choice” partner for growth-stage companies.
The firm is part of Mercia Asset Management PLC Group, managing investment funds alongside private equity and debt operations. With 11 UK offices, Mercia Ventures draws on diverse expertise to support partner companies in achieving their goals.
Mercia Asset Management PLC oversees around £1.5B in assets under management and is listed on AIM as “MERC”.
01
From employee advocacy to social selling: Oktopost founder Daniel Kushner on the future of B2B marketing