Little Journey Secures £6m to Revolutionize Pediatric Care
Deal News | Nov 19, 2024 | Business Cloud
Little Journey, a London-based HealthTech company focused on transforming pediatric care through personalized psychological support, has secured £6 million in Series A funding. The investment round, led by Par Equity with participation from Mercia Ventures, Northern Powerhouse Investment Fund I, Octopus Ventures, Calm/Storm Ventures, and healthcare-focused angel investors, will aid the company's global expansion. Little Journey aims to enhance its product offerings by developing scalable content, data collection, and interoperability capabilities, thus aiding in the improvement of pediatric clinical trials. Co-founders Chris Evans and Sophie Copley emphasize the unique opportunity to fill expertise gaps in pediatric healthcare research. Since its inception in 2018, Little Journey has already impacted thousands of young patients globally, collaborating with top pharmaceutical firms to enhance clinical trial experiences for children. The company has also received substantial grant funding from the LEGO Foundation and SBRI Healthcare to improve app accessibility and create solutions for neurodivergent children.
Sectors
- HealthTech
- Venture Capital
- Pharmaceuticals
Geography
- United Kingdom – Little Journey is based in London, UK, where the company is headquartered and led its recent Series A funding.
- United States – The company has a focus on the US healthcare market, with early adopters already present.
Industry
- HealthTech – The article discusses Little Journey, a HealthTech company focused on pediatric care through a technology-enabled platform.
- Venture Capital – The article details a Series A funding round led by various VC firms to support Little Journey's expansion.
- Pharmaceuticals – Little Journey collaborates with global pharmaceutical companies to enhance pediatric clinical trial experiences.
Financials
- £6 million – Series A funding raised by Little Journey.
- £2.09 million – Grant funding from LEGO Foundation's Play for All Accelerator.
- £493,000 – Grant funding from SBRI Healthcare.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Little Journey | Target company | Company | A HealthTech company focused on personalized support for pediatric care. |
| Par Equity | Lead Investor | Company | A venture capital firm leading the Series A funding round. |
| Mercia Ventures | Investor | Company | Venture capital firm investing in Little Journey. |
| Northern Powerhouse Investment Fund I (NPIF I) | Investor | Company | An investment fund supporting Little Journey. |
| Octopus Ventures | Investor | Company | Venture capital firm participating in the investment round. |
| Calm/Storm Ventures | Investor | Company | Venture capital firm participating in the funding round. |
| LEGO Foundation | Grant Funder | Charity | A charity providing grant funding to Little Journey for enhancing app accessibility. |
| SBRI Healthcare | Grant Funder | Government | Government-funded initiative providing grant funding to Little Journey. |