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

Little Otter, a digital mental health company that aims to provide tools and therapy to both children and their families, has raised $22 million in Series A funding. The round was outnumbered 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.

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

Once the family is registered on the platform, they are given a quick questionnaire aimed at understanding their needs. From there, the family receives a personal report and is matched with a personal care officer who will review the assessment answers together to discuss the family’s unique needs. The care leader will then outline the next steps and develop a care plan for the family. Each family then begins their mental health journey by setting goals and milestones.

On the new funding, Little Otter says the investment will fuel growth and allow it to introduce 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 credits: small otter

“We will invest heavily in building a state-of-the-art technology and data platform,” Little Otter CEO Rebecca Egger told TechCrunch in an email. “We make Jim Inoue our CTO to oversee the technical growth and scale of Little Otter. He will play a pivotal role as we build a new way to identify and address early childhood mental health, integrating data and proprietary assessment methods and data visualization into the platform. Additionally, we are working to become An in-network feature that is covered by insurance plans and employers and will be in all 50 states by 2023.”

The Little Otter platform builds on the clinical expertise of co-founder Dr. Helen Egger and provides virtual, on-demand, integrated care with parenting specialists, trained early childhood therapists, couples therapists and child psychiatrists. The company says it aims to break down barriers to services and provide specialized mental health care for all. Little Otter says 85% of families using their care plans reach clinical improvements in just six sessions.

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

“There is a tremendous amount of 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 all families’ essential resource and long-term partner helping families achieve mental health and prosperity goals.”

Leave a Comment