Lilli, a UK-based Software as a Service (SaaS) company, has secured over €9.5 million in Series A financing led by West Hill Capital.
This funding round surpassed its initial target by 37%, reflecting strong investor confidence in Lilli’s innovative approach to proactive care technology.
Revolutionizing Care with Proactive Monitoring:
Lilli is at the forefront of transforming the care model from reactive to proactive. Leveraging smart, non-intrusive technology and advanced AI and machine learning capabilities, Lilli monitors users’ lifestyles to provide care workers with valuable insights into wellbeing and home conditions.
This proactive approach enables early identification of behavioral changes, leading to improved health outcomes and reduced hospital visits.
Positive Impact on the Health and Social Care System:
Lilli’s technology has already demonstrated significant benefits for the UK’s health and social care system. Evidence from councils such as Nottingham and Reading indicates substantial cost savings, increased carer hours, and accelerated hospital discharge rates.
Independent economic analysis suggests that by 2035, Lilli could provide the equivalent benefits of employing 10,000 full-time carers in the UK.
The Series A financing will fuel Lilli’s expansion across the public and private health and care sectors, where demand for its technology is rapidly growing.
With multiple contracts secured in Q4 2023 alone, Lilli anticipates significant momentum in both domestic and international markets.
Enhancing AI Insights and Launching Family App:
The funding will enable Lilli to deepen its AI insights and reporting capabilities, further advancing its technological offerings.
Additionally, Lilli plans to launch a friends and family version of the app, providing real-time information and reassurance to next of kin or informal carers about their loved one’s wellbeing.
Gren Paull, CEO of Lilli, emphasizes the company’s commitment to enabling individuals to live safely and independently at home while alleviating pressures on the health and care sector.
Mark Hickson, Managing Partner at West Hill, highlights Lilli’s potential to revolutionize social care delivery and improve the quality of life for individuals worldwide.