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Early Money: Online therapy provider Little Otter raised a $22M Series A round


Little Otter Dr. Helen Egger and Rebecca Egger
Little Otter, co-founded by Dr. Helen Egger, left, and Rebecca Egger, announced Thursday it's raised $22 million in Series A funding.
Katie Lovecraft

Little Otter Inc. has some new funds to expand its mental health service.

The San Francisco startup announced Thursday it's raised $22 million in Series A funding. The company, which offers online therapy for children and families, plans to expand its services nationally by 2023, according to a press release. Little Otter currently serves patients in California, Colorado, North Carolina and Florida.

Here's other Series A funding news going back to just before the holidays:

Ambys Medicines Inc., South San Francisco, $47 million: Third Rock Ventures led the add-on to the Series A round for this developer of cell-based treatments for severe liver diseases. Takeda Ventures, Alexandria Venture Investments, Smilegate Investment, Schroders Capital and Laurion Capital Management also participated.

Waymark Inc., San Francisco, $45 million: Andreessen Horowitz and New Enterprise Associates led the round for this healthcare provider that focuses on Medicaid recipients. Lux Capital also participated.

Little Otter Inc., San Francisco, $22 million: CRV led the round for this provider of online counseling and therapy services for children. Torch Capital, Vast Ventures, Hinsdale, Boxgroup, _Able, Carrie Penner Walton, G9 and Springbank Collective also invested.

Formant Inc., San Francisco, $18 million: SignalFire led the round for this provider of robotics monitoring and operations software. Hillsven, Pelion, Goodyear Ventures, Thursday Ventures, Ericsson, Picus Capital and Holman Strategic Ventures also invested.

AlliIQ Inc. (dba Searchlight.ai), San Francisco, $17 million: Founders Fund led the round for this provider of a recruiting service. Accel, Shasta Ventures, Kapor Capital and Operator Collective also participated.

Good Parents Inc. (dba Kiddo), San Francisco, $16 million: Clearlake Capital-backed Vive Collective led the round for this developer of a remote patient monitoring device for children.

Arcade, Menlo Park, $15 million: Pantera Capital, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital, Lemniscap, BlockFi CEO Zac Prince and Quantstamp CEO Richard Ma all invested in this provider of a marketplace for loans backed by non-fungible tokens, or NFTs.

X-Therma Inc., Richmond, $13 million: Lorea AG led the round for this developer of cryopreservation technology. Zen11 Holdings, Graphene Ventures, VU Venture Partners, 2b AHEAD Ventures, Methuselah Foundation and Catalytic Impact Foundation also invested.

Avoma Inc., Palo Alto, $12 million: Headline led the round for this provider of a service that records, transcribes and analyzes sales and other calls. Storm Ventures, GFC, Zoom, Operator Partners, Industry Ventures, K9 Ventures, Dragon Capital and Twin Ventures also invested.

Mperativ Inc., San Francisco, $5 million: GFT Ventures led the round for this provider of a marketing analysis service. Heroic Ventures and Westwave Capital also invested.


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