Peppy Raises £6.6M for its digital health platform
by Startacus Admin
Peppy secures major investment to help scale its existing menopause, fertility, pregnancy and early parenthood support, and support the introduction of a range of new services.
It’s a fab week for Peppy, a B2B digital health platform with the news that they’ve just secured a £6.6M ($10M) Series A funding round. The investment was led by Felix Capital and previous investors including Outward VC, Seedcamp, and Hambro Perks, also participated.
Since being founded in 2018 by co-founders Evan Harris, Max Landry, and Mridula Pore, the startup has been on a mission to plug some of the biggest gaps in healthcare that occur during major life and family transitions – menopause, fertility, pregnancy and early parenthood.
Peppy provides users with direct access to highly-qualified, expert practitioners via a secure mobile app and its services include instant messaging, group chat, video consultations, live events, evidence-based articles, videos and programmes. Through the app users can also join a community of people who are experiencing similar life challenges.
The company’s corporate customer base includes some of the largest employers in the UK. and it has a fast-growing pipeline of prospective clients. Earlier this year, Vitality Health partnered with Peppy to become the first UK private medical insurer to offer specialist menopause support. Peppy is also on track to launch the world’s first men’s health service available to employers - a service which will focus on urological, hormonal, mental and lifestyle health.
Mridula Pore, Co-Founder of Peppy, said, “The pandemic has shown us that employers can’t just talk about supporting their employees’ health and wellbeing anymore, they have to take action. More and more leading businesses are turning to us to provide the support their people really need – not a one-size-fits all solution, but support that is trustworthy, personalised and delivered by experts. We’re still at the surface of what is possible for Peppy.”
Susan Lin, Investor at Felix Capital, said, “Since Felix started, ‘aspiration for a better life’ has been a core theme and we believe in the strong opportunity for digital health and wellness solutions to improve this. Peppy is at the forefront of three huge market trends and we believe is positioned to become a category-defining brand. First, massive growth in targeted employee benefits, driven by increasing awareness of the importance these have in boosting morale, productivity, and retention. Second, demand for much more convenient ways to access healthcare, which has been further accelerated by COVID-19. And finally, a need for much more personalised solutions, especially in critical life stages such as menopause and early parenthood.”
Exciting times ahead for Peppy as they plan to use the investment to scale new and existing products, expand internationally and also grow their team.
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Published on: 27th July 2021
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