Total amount raised
$35.7 Millions
Latest funding date
Location
Little Otter has successfully raised funding through multiple rounds, with notable investors including Torch Capital and CRV. The company focuses on providing comprehensive mental health services for families, including therapy, psychiatry, and parent coaching.
Keep reading to explore the intricacies of Little Otter's fundraising journey and the investors backing this innovative platform.
What Is Little Otter?
Little Otter, founded in May 2020 by Helen Egger and Rebecca Egger, is a pioneering company in the mental health industry. Headquartered in San Francisco, California, the company focuses on providing comprehensive mental health services for children and their families through a virtual platform.
With a team of 11-50 employees, Little Otter offers a range of services including therapy, psychiatry, and parent coaching. Their approach emphasizes evidence-based, whole-family care, ensuring personalized and effective mental health support for families across multiple states in the U.S.
How Much Funding Has Little Otter Raised?
- Seed Round
- Amount Raised: $4.2M
- Date: May 2021
- Lead Investors: Torch Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their virtual mental health platform for children and families.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and build the core team.
- Series A
- Amount Raised: $22M
- Date: January 2022
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their services and reach more families across the U.S.
- Venture Round
- Amount Raised: $9.5M
- Date: February 2025
- Lead Investors: Pivotal Ventures, Torch Capital, Springbank, CRV, Next Legacy, G9, Gratitude Railroad, Carrie Walton Penner's Fiore Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale services, enhance AI-driven care solutions, and improve mental health outcomes for families.
Total Amount Raised: $35.7M
Current Valuation: Not publicly disclosed
Key Investors
- Pivotal Ventures
- Details: Pivotal Ventures is an investment and incubation company created by Melinda French Gates. It focuses on driving social progress and innovation.
- Investment Focus Areas: Social issues, women and families, innovative solutions.
- Notable Investments: Not publicly disclosed.
- Torch Capital
- Details: Torch Capital is a venture capital firm that invests in early-stage companies leveraging technology to create consumer-centric solutions.
- Investment Focus Areas: Early-stage, technology-driven, consumer-centric solutions.
- Notable Investments: Not publicly disclosed.
- CRV (Charles River Ventures)
- Details: CRV is a venture capital firm that invests in early-stage technology companies, helping them grow and scale.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not publicly disclosed.
- Springbank
- Details: Springbank invests in companies creating impactful solutions in various sectors, including health and wellness.
- Investment Focus Areas: Health and wellness, impactful solutions.
- Notable Investments: Not publicly disclosed.
- Fiore Ventures
- Details: Fiore Ventures, founded by Carrie Walton Penner, focuses on impact investing, particularly in innovative solutions for social issues.
- Investment Focus Areas: Education, health, well-being.
- Notable Investments: Not publicly disclosed.
What's Next for Little Otter?
Little Otter is poised to capitalize on the growing demand for family mental health services. With plans to expand its reach to millions of families covered by Medicaid and commercial insurance, the company is leveraging an AI-powered platform to enhance patient triage and personalized care. This expansion represents a significant opportunity in a rapidly growing billion-dollar market.
Future fundraising efforts are likely as Little Otter continues to scale its operations and technology. The company's impressive growth and proven outcomes make it an attractive candidate for additional investment rounds, potentially leading to strategic partnerships or acquisitions.
However, challenges remain. Scaling services while maintaining quality, navigating complex insurance landscapes, and ensuring the effectiveness of AI-driven solutions are critical hurdles. Despite these challenges, Little Otter's commitment to personalized, evidence-backed care positions it well for continued success in the evolving mental health industry.
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