Lateral secures £2.5m in seed funding from Augmentum, Triple Point, and TinyVC to launch health products for over 60s.
The seed round was led by Augmentum to fund the launch of the Lateral Health Plan.
Lateral provides custom health and wealth products designed specifically for people over 60. The company combines financial cover for private healthcare, care navigation, and preventive benefits.
Lateral has secured £2.5m in seed funding led by Augmentum, with participation from Triple Point and TinyVC. The fresh capital will support the rollout of the company's first product, the Lateral Health Plan, launching in January 2026.
Founded by industry veterans Laura Ashforth and Steven Mendel, Lateral addresses the growing demographic shift of over-60s in the UK. The firm aims to bridge gaps in self-pay healthcare and retirement planning by offering tailored financial and medical products.
From the founder
"We’re on a mission to empower over 60s to live well for longer, helping them navigate the complicated world of retirement by offering them an affordable range of products expertly created just for them."
Laura Ashforth
Co-founder and CEO at Lateral
Use of funds
- 01Continue product development
