Digital mental health company Little Otter has secured $9.5 million in a strategic funding round led by investors including Pivotal Ventures, Torch Capital, Springbank, CRV, Next Legacy, G9, Gratitude Railroad, and Fiore Ventures.
The company plans to use the funding to expand its services to families covered by Medicaid and commercial insurance plans, while enhancing its AI-powered platform for patient triage and service matching.
“Little Otter is leading a revolution in mental health care,” said Rebecca Egger, Co-founder and CEO. “This funding accelerates our mission to deliver the most effective, accessible care for families everywhere. Not only are we delivering care, but we are also pioneering new methods to make mental health support even more innovative and accessible for families in need.”
The company demonstrated significant growth in 2024, achieving 2.5x revenue growth and delivering over 56,000 care visits. Their clinical outcomes show that 85% of families see progress in six sessions, while 71% of children experience symptom remission after 12 sessions.
“Today’s young people face unprecedented challenges that demand a fresh perspective on mental healthcare,” said Erin Harkless Moore Director, Investments at Pivotal Ventures. “Little Otter stands out through its clinical excellence across all levels of care from mild to severe, treating both young patients and their families. We’re excited to support their expansion and their AI-powered approach to scaling assessments – making quality mental healthcare more accessible across America.”
The company, founded in 2020 by child psychiatrist Dr. Helen Egger and technology expert Rebecca Egger, currently operates in 15 states. It provides virtual mental health services for children aged 0-18 and their families through an AI-powered platform.
Carrie Walton Penner, founder of Fiore Ventures, highlighted the company’s distinctive approach: “Little Otter’s impact is profound—by focusing on families as a whole, they are delivering the kind of mental health care that is long overdue. Their ability to blend AI-driven personalization with human-centered care is a game-changer, and I’m excited to support their journey in making high-quality mental health support more accessible nationwide.”
The funding announcement coincides with a brand refresh that emphasizes the company’s focus on whole-family care.
