Peppy has secured funding of $45m for a US expansion.
AlbionVC led the $45m Series B, which also included Kathaka, MTech Capital, Simplyhealth, and Sony Innovation Fund. Participants included previous investors Felix Capital, Hambro Perks, Outward VC, and Seedcamp.
Peppy co-founder and co-CEO Dr Mridula Pore says: “We’re on a mission to become a household name across the world and our Series B funding is just the start. We already dominate Europe’s employer-funded gender-based healthcare market. With our growing team in the US and numerous big brands already choosing Peppy, we will soon be a leading player in America.
“Over the last few years we’ve seen employers wake up to the vital importance of personalised care. They know that it’s a non-negotiable factor in attracting, engaging and retaining the best colleagues, particularly women. We’re a young and outrageously ambitious company and we’re incredibly excited to continue our mission in the world’s largest healthcare economy.”
AlbionVC investment director Jay Wilson says: “Over the three years we have known the company, the Peppy team has executed above all expectations, giving us confidence that Peppy will go on to be the global category leader in providing personalised expert-led pre-clinical care to all.
“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”.
MTech partner and co-founder Brian McLoughlin says: “Peppy’s rapid growth in Europe underscores the vast market demand for a digital provider dedicated to women’s health — in particular menopause. Peppy’s business model resonates with its combination of digital convenience and personalised advice from experienced, specialised healthcare professionals.
“In the US women in the workplace face the same challenges as in Europe and the market here is essentially unserved. We’re truly excited to be investing in Peppy as it rolls out its offering to US employers.”
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