Breakbad raises £150k in seed funding led by angel investors to support health application development
The seed round was cornerstoned by a £125k investment from Angels in the City and London Business Angels syndicate members.
Breakbad is a London based mobile health business developing a data driven preventive health application that provides psychological support and health analytics.
London based mobile health company Breakbad has secured £150k in a SEIS eligible seed round. The financing was cornerstoned by a £125k investment from a syndicate of backers from Angels in the City and London Business Angels.
Breakbad builds a preventive health application that utilises machine learning to deliver personalised psychological support and analytics for managing cravings. The company intends to allocate the capital towards product testing and optimisation to attract early adopters.
The transaction closed in less than two months following a pitch event at Angels in the City in April.
From the founder
"Our team founded BreakBad to change the way we understand, measure and influence our health from tracking symptomatic metrics like calories and kilos to the causal metrics that drive our behaviour. We needed the funds to hire the talent required to embark on this exciting journey and pitched at Angels in the City. Huge thanks to Kayar Raghavan our lead investor and Andrew Dancer our board member who helped with fund raising and strategy respectively. The Angels in the City process was seamless and in less than 2 months, we have the funds and team to embark on this exciting journey."
Luke Raskino
CEO at Breakbad
Investor perspective
"Breakbad who met its investors at Angels in the City in April is developing an innovative product which have the potential to change people’s lives for the better. The company is led by an experienced and committed management team which was key to attracting our angel syndicate to the company. The round was led by a highly experienced lead angel whose early commitment to invest gave significant confidence to other more passive co-investors."
Anthony Clarke
CEO, London Business Angels
Use of funds
- 01Continue product development
