Little Otter, a mental healthcare platform focused on children and their families, has raised USD 22 million in an oversubscribed Series A funding round led by CRV with participation from Torch Capital, Vast Ventures, Hinsdale, BoxGroup, and Able Partners, along with several other investors. This brings the company’s total funds raised to nearly USD 27 million.

The funds will be used to expand its geographic footprint across all 50 US states by 2023 from its current market presence in California, Colorado, North Carolina, and Florida. The proceeds will also be invested in enhancing its platform, becoming an in-network benefit, and growing its leadership team.

The latest funding comes on the heels of the company reporting an MoM growth of 45% since its launch in May 2021.

California-based Little Otter provides virtual and on-demand therapy for pediatrics and the whole family, connecting them with parenting specialists, early childhood trained therapists, couples therapists, and pediatric psychiatrists. Additionally, the platform offers proprietary assessments and quarterly mental health check-ups, creating personalized care plans for the family.