Log my Care, a London-based pioneer in digital care management, has successfully raised an additional £3M (approximately €3.49M) in funding from its existing investor, Mercia Ventures. This latest investment brings the company’s total funding to over £7M (approximately €8.15M), marking a significant milestone in its journey to revolutionize care management.
Mercia Ventures’ Henry Hamilton highlighted the growing recognition among care providers of the need to transition to digital technologies, spurred by government incentives. Log my Care stands out for its user-friendly platform that enhances operational efficiency at an affordable cost, particularly resonating with independent care homes.
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Focusing on Learning Disabilities and Home Care Services
The infusion of funds will enable Log my Care to assert its leadership in the learning disability sector and broaden its services within home care. Founder and CEO Sam Hussain emphasized the platform’s role in improving care quality by giving carers more time with patients and better access to information. “This funding will allow us to scale our impact in the UK, increasing the number of patients we serve from 20,000 to over 100,000,” Hussain stated.
Innovative Mobile App for Efficient Care Management
Founded in 2017 by Sam Hussain and Adam Hurst, Log my Care offers a mobile application that simplifies the recording of patient notes, access to medical records, and the receipt of reminders. This efficiency enables the quick creation of personalized care plans, enhancing the quality and oversight of care for providers. Currently supporting over 1,300 care providers and serving around 20,000 patients, Log my Care has become a preferred platform in the learning disability sector.
Expanding Team and Revenue Growth
With a team of 35 employees, Log my Care reported an 80% increase in annual recurring revenue in 2023, surpassing £2M. The company is also on the verge of launching a new GP Connect service that will integrate with the NHS, allowing carers to access General Practice record data. This development is supported by the government’s £25M annual scheme to promote digital social care records adoption, extended until March 2026.
About Mercia Ventures
Mercia Ventures, a venture capital firm investing in sectors such as software, consumer, healthcare, and deep tech, aims to be the “first-choice” partner for growth-stage companies. As part of Mercia Asset Management PLC Group, it manages investment funds alongside private equity and debt operations, drawing on diverse expertise to support partner companies in achieving their goals.
With this new round of funding, Log my Care is poised to further its mission of transforming care for society’s most vulnerable individuals by expanding its digital care management solutions.
