Little Otter raises $22M to scale its personalized pediatric mental health platform

DMCA / Correction Notice
- Advertisement -


small otter, a digital mental health company that aims to provide tools and treatments for both children and their families, has raised $22 million in Series A funding. The round was oversubscribed and led by CRV, with participation from Torch Capital, Vast Ventures, Hinsdale, Boxgroup, Able, Carrie Penner Walton, G9, SpringBank Collective and angel investors. This latest investment brings Little Otter’s total funding to $26.75 million.

- Advertisement -

The company was founded in May 2020 by mother-daughter duo Rebecca Egger and Dr Helen Egger based on the idea that children’s mental health crises can only be addressed by treating the whole family through accessible and scalable precision technology. could. Since its launch, the company has seen a month-on-month growth of 45%.

Once a family signs up on the platform, they are given a quick questionnaire that aims to understand their needs. From there, the family receives a personalized report and is matched with an individual care lead who will review assessment answers together to discuss the family’s unique needs. The care lead will then define the next steps and create a care plan for the family. Each family then begins its mental health journey by setting goals and milestones.

advertisement

In terms of the new funding, Little Otter says the investment will spur growth and allow it to offer its platform in more states. Little Otter is currently available in California, Colorado, North Carolina and Florida, with plans for the platform to be available nationally by 2023.

image credit: small otter

- Advertisement -

“We will be investing heavily in building out our state-of-the-art technology and data platform,” Little Otter CEO Rebecca Egger told Nerdshala in an email. “We are bringing on Jim Inoue as our Chief Technology Officer to oversee the technology development and scale of Little Otter. The platform incorporates data, proprietary assessment methods and data visualization, to identify and support childhood mental health. He will play an important role in creating a new way to treat him. Additionally, we are working to become in-network benefits covered by insurance plans and employers and will be in all 50 states by 2023.

Little Otter’s platform is based on the clinical expertise of co-founder Dr. Helen Egger and provides virtual, on-demand and integrated care with parenting specialists, childhood trained therapists, couples therapists and pediatric psychiatrists. The company says it aims to break down existing barriers to services and bring specialist mental health care to all. Little Otter says that 85% of families using its care plans have reached clinical improvement within just six sessions.

Regarding the future of the platform, Rebecca Egger says the company wants Little Otter to be the personal mental health companion for every family.

“There is an enormous need for mental health resources in this country but a one-size-fits-all solution will not work,” she said. “We are building Little Otter to be a resource for all families and the long-term companion who helps families meet and grow as they meet their mental health goals.”

- Advertisement -

Stay on top - Get the daily news in your inbox

Recent Articles

Related Stories