The London-based health technology company has closed a Series B financing round backed by VNV Global and Target Global.
"Mobile and preventative health services are the future of the health industry,"
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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.
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The London-based health technology company has closed a Series B financing round backed by VNV Global and Target Global.
"Mobile and preventative health services are the future of the health industry,"
The Series C round was led by BGF with participation from BlackRock, Hiro Capital, Westerly Winds, Octopus Ventures and IPGL.
"Elvie has already revolutionized every category it has entered – but we know that we have barely scratched the surface of what is possible for women’s tech."
The funding round was closed in fourteen days with backing from existing shareholders and the Aviva Foundation.
"At 87%, we see building mental fitness foundations as a critical part of everyday life. Without strong foundations, we all struggle to fulfil our potential or recover quickly when the winds of change shift against us. With data sitting at the heart of our proposition, we can make this tangible for users and businesses. Whether it’s the user benefitting from better focus and performance, and therefore greater fulfilment in life, or businesses getting more from staff through improved productivity and efficiency, our measurements drive the insights needed to take appropriate action. This funding is testament to team’s work in the last 18 months and will pave the way for us to further realise our vision of improving the mental wellbeing of society, percent by percent."
The funding round was led by Praetura Ventures and BMJ New Ventures to support the expansion of workforce technology in the NHS.
"The NHS is facing a workforce crisis. Burnout is at record levels and more staff are planning to leave than ever before. And the systems which manage the NHS workforce are exacerbating the problem. As a doctor, I know how frustrating it is to feel like a number on a spreadsheet rather than a human being with a life outside of work – it’s a key driver in pushing people out of the healthcare profession. If we’re reaching burnout, we have two options: put up with it or quit. Our technology and services are making a different, better way possible."
The Series A round was led by Felix Capital with participation from existing investors to scale employee healthcare services.
"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."