AgeTech Startup Lottie Nabs €7M Reaching Valuation of Over €52M
UK based AgeTech startup Lottie lands €7M to simplify the search quality for elderly care.
With the increase in the number of aging population-the world is looking for ways to find answers to cope up with the aging society. However on the other hand , the market for the innovative solutions to this challenge is also growing rapidly. In short, AgeTech is thriving and booming with many startups appearing on the horizon.
As of recently a startup named Helppy gathered funding of €3M for its unique technology fueled neighborhood care model. Now another startup with its creative solution named Lottie has received a capital boost of €7M from General Catalyst raising its total valuation to over €52 million.
Lottie previously has also captured backing from the likes of Monzo founder Tom Blomfield and Lendable co-founder Victoria van Lennep.
In 2021, the startup was born out of a problem which founders Chris Donnelly and Will Donnelly experienced in finding elderly care for their grandmother. Thus, pushing them to create a free-to-use digital healthcare marketplace and concierge service that enables the retirement seekers to locate and compare UK’s best retirement-life living options at a fair price.
Furthermore, it also gives its users freedom to design their ideal care package. Lottie also then distils millions of data points on the 2000 high quality facilities and 300 independent retirement properties all over England-on the site to assist masses in finding perfect homes that meet their requirements, wants, needs and budgets.
Also, this innovative platform has received quite appreciation from its users with outstanding care ratings and 5* customer reviews of luxury facilities and thriving experience. Lottie has also partnered with UK’s best care homes that provide an enhanced resident experience and home culture like no other.
Will Donnelly one of the founders said:
“COVID-19 has supercharged the move of the later living industry from offline to online, from the initial search process and how care seekers engage with later living communities, through to the adoption of digital care plans and new operational technologies. As well as assisting families and retirees in making important life decisions, Lottie is now helping our partner communities, both care and retirement, transition to the post COVID-19 digital world.”
With this new injection of funds, Lottie plans to expand nationally adding new care partners and software tools to more businesses and people around the UK.
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