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This mental health startup provides comprehensive services to children and their families in multiple states, and will use this investment to expand nationwide by 2023
Little OtterIt is the first digital mental health company to provide tools and treatments for children and their families, and today announced the end of its $22 million Series A financing. Little Otter was founded in May 2020 by the mother-daughter team Rebecca Egger and Dr. Helen Egger. The philosophy is that only by treating the entire family with scalable and precise technology that everyone can use can the child’s mental health crisis be solved. This round of financing was oversubscribed by CRV, with participation from Torch Capital, Vast Ventures, Hinsdale, Boxgroup, _Able, Carrie Penner Walton, G9, Springbank Collective, and strategic angels. This new financing brings the company’s total capital to US$26.75 million.
Little Otter’s model is based on the 30 years of clinical experience of co-founder Dr. Helen Egger, and provides virtual, on-demand and integrated care with childcare experts, early childhood-trained therapists, couples therapists, and pediatric psychiatrists. Since its launch, Little Otter has grown 45% from the previous month, reflecting the unprecedented needs of families at this time. In addition, 85% of families using Little Otter achieved clinical improvement in just six courses, which proves the effectiveness of Little Otter’s care model. Through the holistic approach, it is not only limited to the mental health of a single child, but also the whole…
The full story can be found on Benzinga.com
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