Peppy nets £37m to bring employee healthcare platform to US
Digital health app Peppy has secured $45m (£37.1m) in Series B capital to expand its employee healthcare platform to the US market.
Peppy’s app offers employees free live chat and video consultations with specialist medical experts on areas such as menopause, fertility, parenting and endometriosis.
“Over the last few years we’ve seen employers wake up to the vital importance of personalized care. They know that it’s a non-negotiable factor in attracting, engaging and retaining the best colleagues, particularly women,” said Dr Mridula Pore, co-founder and co-CEO of Peppy.
London-based Peppy, founded in 2018 by Evan Harris, Max Landry and Mridula Pore, is used by businesses such as Accenture, Adobe and Disney.
The Series B adds to the company’s £6.6m Series A funding round that took place in July 2021.
Jay Wilson, investment director, AlbionVC, said: “The rate of customer adoption highlights the depth of market need and Peppy has now cemented itself as the European category leader. The early proof points from customers and partners in the US are particularly exciting and we are delighted to be partnering with Peppy.”
AlbionVC led the Peppy Series B funding round, along with Kathaka, MTech Capital, Simplyhealth, the Sony Innovation Fund, Felix Capital, Hambro Perks, Outward VC and Seedcamp.
Across its London and New York offices, Peppy employs more than 200 staff.