Care platform Lottie acquires Found for £1.5m
Lottie, a comparison website for residential care and independent living, has acquired care home occupancy and customer relationship software company Found for £1.5 million, UKTN has reported.
Created in 2019 by Dan Morris, Found allows managers of care homes to check bed numbers, manage enquiries and track sales.
Lottie stated it plans to scale Found in the months ahead.
Lottie’s co-founder Chris Donnelly said: “Using this software across care homes in the UK will undoubtedly improve the compliance, sales, and most importantly the standard of care provided, across the elderly care industry.
“Care homes need a modern solution to cater for our ageing population; the right technology will ensure beds are filled, residents are cared for in the best way possible, and care home partners can track their occupancy levels.”
In July Lottie raised £6.125 million from US venture capital firm General Catalys, giving the company a £45 million valuation. Previous backers include General Catalyst, Airbnb and Zoopla chief executives as well as Monzo founder Tom Blomfield.
Launched last year, Lottie says it has more than 2,000 vetted care homes on its website.