London-based Peppy, the employee healthcare benefit startup has bagged £1.7 million in a fresh round of financing. Outward VC is leading the round with support from Seedcamp, Hambro Perks, Form Ventures, and a few unnamed angel backers. Notably, Peppy had got £300K in angel investment last year.
The firm was founded in 2018 by Evan Harris, Max Landry, and Mridula Pore as a healthcare benefits platform that deals with family support, female health, and mental well-being. The firm now wants to use the freshly raised money to expand the team and plan their growth. Interestingly, they are working on something new which is “new fertility and mental health support.”
Mridula Pore, the CEO and co-founder of the firm talking about the need for a company like Peppy says that “There are many points in your life when your physical or mental health can be vulnerable, but you are not ‘ill.’ You and your family just need some extra support. For example, trying to conceive, becoming a parent, or going through the menopause, but there are many more.”
Talking about their journey she adds that "Peppy began as a platform that would support new parents and help them return to the workforce, but there can be so many times in someone’s life when access to expert practitioners and support can make a dramatic impact.”
Outward VC co-head Kevin Chong feels that while there are scores of startups in the finance, food segment, there are not many who are looking into the mental health segment. He further says, “We are excited to back Peppy’s experienced team in their mission to help employers build and sustain a modern, diverse workforce.”
Image courtesy: TechCrunch