The mental health platform secured backing from the government agency to advance its technology and expand its team.
"We’re incredibly honoured and proud to have received this grant. Most of the funds will be used towards further development and content for the app as we have high expectations to deliver a platform that is contextually smart as well as impactful with practical, actionable steps and content."
The fintech app secured backing from over 4,000 retail investors after more than doubling its initial fundraising target.
"We’ve seen unprecedented growth during these difficult times, which demonstrates that Chip is incredibly useful for putting money aside for safety net and emergency funds."
Prime Advantage Capital Partners advised on the seed raise to support retail expansion and direct-to-consumer growth.
"Prime Advantage has been pivotal in this funding round. They made the process seamless and we were able to reach the right investors and secure investment in a short period of time. This has allowed us to launch our next growth phase to coincide with the new listings in Boots and rapid growth of our direct to consumer business."
The round was led by GAN Ventures, the investment arm of GAN.
"we’re extremely excited to have received investment from GAN Ventures. With their network, support, and track record of helping build highly successful companies GAN were the perfect partner for Ovon. With our hardware and software expertise and GAN’s support we can’t wait to take Ovon’s products to market in the near future"
The funding round was led by IW Capital to support the expansion of GPDQ as it responds to rising healthcare demand.
"We set out five years ago with a vision to build a more sustainable healthcare system in the UK by working with the NHS, employers and insurers to deliver more care closer to patients out in the community. We’ve worked hard to build a community of clinicians who believe passionately in the ability of technology and new ways of working to achieve that goal. Whether the route to connect is through a visit, in a clinic or over the video, the personal interaction between doctor and patient is at the heart of everything we do."