LMC Software (t/a Log my Care) secures £596k Seed investment led by RYSE Asset Management

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Social care tech app secures new investment in wake of COVID-19

Log my Care, the app-based software for managing social care delivery, has secured new early-stage funding from RYSE Asset Management, the digital health and MedTech specialist investment firm, bringing its total raised to £1 million. Log my Care was recognised for its social impact in care, a sector that is facing enormous challenges with an ageing population, financial constraints and now the COVID-19 crisis.

Log my Care’s cloud-based care planning software enables care homes to take all their admin and planning online. Its user base has doubled since the start of the year and the app is in use across hundreds of care services by thousands of carers, who in total have recorded nearly 30 million care logs. 

In response to the pandemic, the Log my Care team rapidly developed tools to support front-line workers in the social care sector. A real-time COVID-19 symptom tracking tool helps monitor and detect early symptoms, alerting Care Managers and displaying critical information on a simple dashboard. A track-and-trace tool enables users to create clusters of carers and service users that are easier to monitor. If a person starts showing Coronavirus symptoms, it is then easy to identify those most at risk and who need to be isolated and tested.

In a sector where 80% of care homes are still using paper records, Log my Care also enables Care Managers to keep track of what is happening in the care service remotely, which has become crucial for care staff who themselves have had to adapt to remote working conditions.  

The core system of Log my Care and the tools developed in response to COVID-19 are completely free to use for all registered UK care homes and care agencies. Two optional premium modules with enhanced features are available for a monthly subscription.

Sam Hussain, Founder of Log my Care, comments:

“The social care sector was facing enormous pressures even before COVID-19 hit. It is also a sector that has been left behind when it comes to technology. The pressure was already there, but when COVID-19 hit, many care settings realised that they simply had to address their data systems. Again, and again, Care Managers on the front line have told us the most significant benefit of using Log my Care was the time saved on paperwork and administration, which has a big impact on costs as well as care quality. It is also clear that identifying COVID-19 cases early and reacting quickly is crucial in preventing further outbreaks, so we wanted to build tools that will help care settings do that at the earliest opportunity.

“In terms of impact, our core focus has always been on providing Social Care with better quality data and insight, that is easily accessible and completely trackable. This intelligence about health care information has the potential to have a significant impact on standards and quality, as well as finances. That way, it frees up the carers’ time to do more of what computers will never be able to do.”

Log my Care is planning on using funding of £600k from investors including RYSE Asset Management to build more tools to help digitalise and streamline social care, as well as expand its user base to reach thousands of care services. 

Sam Hussain continues:

“The growth in our user base has facilitated investment, which in turn allows us to develop our software further. The normalisation of videoconferencing has also helped. We were already using it to help train care staff if they needed extra support. Whereas previously people were quite often reluctant to work that way, it is now so normal that the barrier has disappeared.”

“Over the longer term, our ambition is to become the platform that modernised the way care is managed. In a sector beset by challenges, the pandemic has fuelled the urgency to look for practical solutions.”

Dr John Lee Allen, RYSE Asset Management LLP, comments: 

“We are delighted to be supporting the dedicated team at Log my Care in creating the future of distributed health and social care delivery. With a strong management team, and by empowering both staff and clients, this innovative company has delivered real value during the COVID-19 pandemic. 

“Log my Care responded to the COVID-19 pandemic by providing critical insights into how outbreaks can be managed by front line carers and care managers. The pandemic has taught us that the future model of health and care is decentralised and data driven – we are supporting Log my Care in delivering value and measurable social impact. 

“As a healthcare sector specialised investment firm, RYSE Asset Management has an important role to play in supporting pioneering companies like Log my Care. By utilising our partnership with MedCity on innovation, and with support from our cornerstone investor Future Care Capital on policy and research, we are dedicated to improving health and care for both carers and patients.”   

– ENDS –

Notes to Editors

About Log my Care

Log my Care is the easiest and cheapest way for care providers to use electronic care planning. The award-winning free care management system has been developed by Carers for Carers and has been specifically designed to overcome the challenging amounts of administration and paperwork involved in managing and delivering care.

The innovative two-part care system begins with a powerful management portal called the Care Office. This has been created to give Care Managers and Owners the simplest way of care planning, co-ordinating care delivery and overall reporting. It helps to set care standards, provides audit-trail and reduces repetitive administration tasks, freeing up time for more important activities.

The information in the Care Office feeds into a streamlined smartphone app, which provides frontline staff with a powerful yet simple way to easily record and access information at the point of care. It lets them know what they need to do and when they need to do it. It also allows Carers to easily read handover notes and evidence care with photos.

Log my Care was built from the ground up following research into the real challenges that care professionals face every day. It’s designed to boost effectiveness throughout the care service, by using existing hardware already in place and help them to deliver better care. As well as benefiting from an incredibly simple design that means very little staff training.

The core system of Log my Care is free to use for all UK care homes and it comes with two optional premium modules, which pack a series of enhanced features. This means that providers aren’t hit with large costs for adoption or saddled with paying for features they don’t use. Log my Care has also built-in smart money-saving features like 2-factor authentication that allow providers to use devices already present, meaning that the service benefits from cost savings from the outset.

For more information visit: www.LogmyCare.co.uk

About RYSE Asset Management

RYSE Asset Management LLP (RYSE) is a London-based FCA authorised and regulated investment manager, tailored for high net worth individuals, family offices and institutions. In partnership with DigitalHealth.London (DH.L) and MedCity to identify, support, and invest in early-stage digital health and medtech companies, to commercialise and scale within the NHS and other healthcare delivery systems.

For more information visit: https://ryseam.com/en/

For all press enquiries please contact:

Anya Parkhouse
Tel. 07703 612408
Email [email protected]

For more information about Log my Care please contact:

Alex Sorisi
Head of Marketing
[email protected]
Tel. 020 8144 6305

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Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.

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