Total amount raised
$35.7 Million
Latest funding date
02/01/2025
Location
Little Otter has successfully navigated four funding rounds, attracting investment from 16 different investors, including Decathlon Capital Partners and Torch Capital. The company has also expanded its reach by acquiring Little Renegades, further solidifying its position in the children's mental health sector.
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, based in San Francisco, California, is a children's mental health company that offers comprehensive mental health services for families. The company focuses on providing tailored mental health solutions for children, teenagers, and adults through virtual care and evidence-based treatments.
Founded by Dr. Helen Egger, Little Otter has a team of 11-50 employees dedicated to improving family mental health. The company has been acquired by Hazel Health and continues to expand its reach and services, including the acquisition of Little Renegades.
How Much Funding Has Little Otter Raised?
- Seed Round
- Amount Raised: USD 4,200,000
- Date: May 2021
- Lead Investors: Torch Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to establish and launch the startup.
- Series A
- Amount Raised: USD 22,000,000
- Date: January 2022
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's services and scale operations.
- Series Unknown
- Amount Raised: USD 9,500,000
- 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 build out the AI triage platform, aiming for early identification of mental health disorders to reduce costs and future negative impacts on families.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: September 2025
- Lead Investors: Decathlon Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: USD 35,700,000
Current Valuation: Not publicly disclosed
Key Investors
- Decathlon Capital Partners
- Details: Decathlon Capital Partners is a leading provider of revenue-based financing solutions. They have participated in multiple debt financing rounds for Little Otter.
- Investment Focus Areas: Revenue-based financing, growth capital, debt financing.
- Notable Investments: Not publicly disclosed.
- CRV (Charles River Ventures)
- Details: CRV is a venture capital firm with a long history of investing in early-stage technology companies. They have been a major investor in Little Otter.
- Investment Focus Areas: Early-stage technology, consumer technology, enterprise software.
- Notable Investments: Twitter, DoorDash, Zendesk.
- Torch Capital
- Details: Torch Capital is a venture capital firm that invests in early-stage consumer technology companies. They have been involved in multiple funding rounds for Little Otter.
- Investment Focus Areas: Consumer technology, digital health, fintech.
- Notable Investments: Acorns, Compass, Ro.
- Pivotal Ventures
- Details: Pivotal Ventures is an investment and incubation company created by Melinda Gates to advance social progress in the United States. They have supported Little Otter's expansion and AI-powered approach.
- Investment Focus Areas: Social progress, innovation, gender equality.
- Notable Investments: Not publicly disclosed.
- Gratitude Railroad
- Details: Gratitude Railroad is an investment firm focused on social and environmental impact. They participated in the funding round for Little Otter.
- Investment Focus Areas: Social impact, environmental sustainability, impact investing.
- Notable Investments: Not publicly disclosed.
What's Next for Little Otter?
Little Otter is poised to capitalize on the rapidly growing family mental health market, leveraging its advanced AI-powered platform to enhance patient triage and personalized services. With a significant market presence and a recent $9.5 million funding round, the company plans to expand its services to more states and increase Medicaid partnerships, aiming to make mental health care more accessible and effective for millions of families.
Future fundraising opportunities seem promising as the company continues to demonstrate significant growth and technological advancements. The increasing demand for innovative mental health solutions and the company's data-backed results are likely to attract further investment, supporting its expansion and technological development.
However, Little Otter may face challenges such as navigating the complexities of Medicaid and commercial insurance plans, ensuring the effectiveness of AI-driven care solutions, and maintaining high-quality care at scale. Addressing these challenges will be crucial for the company's continued success and impact in the family mental health sector.
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