Peanut raises £9.7m in Series A funding led by EQT Ventures to expand communities
EQT Ventures led the Series A round to help fund expansion into new communities such as menopause support.
Peanut is a social network designed to connect women through various life stages including fertility and motherhood. The platform has attracted 1.6 million users and features tools for personalised community interaction.
Peanut has secured £9.7m in a Series A funding round led by EQT Ventures, with participation from Index Ventures and Female Founders Fund. The capital brings the company's total funding to $21.8m and will support the launch of new communities for women, including spaces dedicated to the menopause.
Alongside the investment, Lyle Fong of EQT Ventures will assist with product strategy, and Naza Metghalchi will join the company board. Index Ventures previously led the platform's earlier funding round.
From the founder
"Lyle's unprecedented experience of building and scaling community-focused products will be vital as we undertake our next stage of growth in raising the bar in terms of product excellence as we enter new communities beyond fertility and motherhood"
Michelle Kennedy
CEO at Peanut
Use of funds
- 01Continue product development
