Series A27 July 2021

Peppy raises £6.6m in Series A funding led by Felix Capital to expand healthcare platform

The Series A round was led by Felix Capital with participation from existing investors to scale employee healthcare services.

£6.6MSeries A

Peppy provides a digital health platform that offers specialist employee benefits focused on underserved areas of healthcare such as menopause, fertility and men's health. The company serves over 250 enterprise clients globally through live chat and virtual consultations.

Peppy has secured £6.6m in a Series A funding round led by Felix Capital. The company plans to deploy the capital to scale its existing healthcare services for menopause, fertility, and early parenthood, while also expanding its team and developing new offerings including men's health support.

Previous backers Outward, Seedcamp, and Hambro Perks also participated in the financing. The raise follows rapid growth in Peppy's corporate customer base, which includes major employers such as Santander, Clifford Chance, and multiple NHS trusts.

From the founder

"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."

Mridula Pore

Co-Founder and Co-CEO at Peppy

Investor perspective

"Since Felix started, ‘aspiration for a better life’ has been a core theme and we believe in the strong opportunity for digital health and wellness solutions to improve this. Peppy is at the forefront of three huge market trends and we believe is positioned to become a category-defining brand. First, massive growth in targeted employee benefits, driven by increasing awareness of the importance these have in boosting morale, productivity, and retention. Second, demand for much more convenient ways to access healthcare, which has been further accelerated by COVID-19. And finally, a need for much more personalised solutions, especially in critical life stages such as menopause and early parenthood."