London’s Log my Care secures €3.4M to grow its digital care platform
Summary
Henry Hamilton of Mercia Ventures says, “Care providers are recognising the need to move to digital technology, aided by government incentives. This saves carers time and improves efficiency, allowing for personalised care plans to be created quickly. With a current team of 35 employees, Log my Care reported an 80 per cent increase in annual recurring revenue in 2023, surpassing £2M. The Dutch company reports that it has NHS approval as a trusted supplier of digital social care records (DSCRs). With 11 UK offices, Mercia Ventures draws on diverse expertise to support partner companies in achieving their goals.
Funding
Amount
$3.7M
Total raised
Date
April 8, 2024
Announcement date
Investors
-
Lead investors
Company
http://www.london.gov.uk
Funded company
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