B2B digital health platform Peppy has raised £6.6 million in Series A funding.
Founded in London in 2018, it provides tailored, expert-led support to individuals before they need to see a doctor, bridging the gap between online searches and hard-to-access clinical care.
Its mission is to plug some of the biggest gaps in healthcare that occur during major life and family transitions – menopause, fertility, pregnancy and early parenthood – which not only impact the lives of individuals and their families, but also workplace inclusion and wellbeing.
For example, women of menopausal age make up the fastest-growing demographic of the UK workforce and 63 per cent say their menopause symptoms have had a negative impact on their work, with 30 per cent taking sick leave. 75 per cent felt unable to tell a line manager the real reason for their absence.
Following the investment led by Felix Capital – with previous investors including Outward VC, Seedcamp and Hambro Perks also participating – the startup will expand its services into other areas.
Peppy gives users direct access to highly-qualified, expert practitioners via a secure mobile app. Services include instant messaging, group chat, video consultations, live events, evidence-based articles, videos and programmes.
Through the app users can join a community of people who are experiencing similar life challenges.
The company’s corporate customer base now includes some of the largest employers in the UK and has grown by 20 percent month-on-month for the past 12 months, and the pace looks to accelerate further with strong demand for future verticals from existing customers and a fast-growing pipeline of prospective clients.
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.”
Peppy proudly supports a diverse, growing customer base, ranging from magic circle law firms (Allen & Overy, Clifford Chance), to banks (BNP Paribas, Santander), to retailers (DFS, Wickes), to public sector employers (NHS trusts, the University of Sheffield). Peppy support is available to all employees, from entry level to the C-suite.
Earlier this year, Vitality Health partnered with Peppy to become the first UK private medical insurer to offer specialist menopause support, making Peppy available to over 650,000 Vitality members.
Peppy is on track to launch the world’s first men’s health service available to employers. The new service will focus on urological, hormonal, mental and lifestyle health.
Co-founder Max Landry said: “Having experienced the challenges of parenting first-hand, I am thrilled to see more and more people get access to the support they need.
“More and more employers are learning that providing remote, inclusive support for the individual is key.
“This new investment lets us build on and scale our current services and accelerate the launch of new verticals, like men’s health, and ultimately get more support to more people.”