Lilli, which provides technology and services to enable people with health issues to live at home, has raised £4.5 million in a pre-Series A funding round organised by West Hill Capital that was 50% oversubscribed.
Woking-based Lilli has recently pivoted from hardware to software. The company uses machine learning to analyse a range of data sources, such as temperature, motion, and power usage, which provides real-time data and insights to carers to provide reassurance and highlight causes for concern, allowing monitoring at a distance.
Lilli’s products have undergone trials with Brent Council and the company is about to commence a 100-person trial with Dorset County Council. It is also partnering with local authorities and care associations to explore the use of technology in care, and is in discussions with 17 local authorities and clinical commissioning groups about additional implementations.
Lilli chief executive Gren Paull said: “The timing for this new preventative approach to care and integration of our smart technology is crucial in meeting the needs of ageing population, which has only been exacerbated by Covid-19. The role of technology has a vital role to play in the future success of care delivery across the UK and globally.”
Robert Forbes Caie, managing partner West Hill Capital, added: “West Hill is delighted to be supporting Lilli enabling them to bring its pioneering preventative technology to the NHS and social care sector. Lilli’s proprietary technology is empowering people to live independently within their own homes for longer, when in the past, an individual’s age, ability or condition would have required constant supervision or care. West Hill seeks to identify companies harbouring strong IP that are potentially globally scalable and we feel that Lilli certainly exhibits these qualities.”
Date published: March 18, 2021