Series B11 January 2023

Peppy secures £37.1m Series B funding led by AlbionVC for US expansion

AlbionVC led the Series B round to fund the digital health platform's expansion into the American market.

£37.1MSeries B

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 £37.1m in a Series B funding round led by AlbionVC to accelerate its expansion into the United States market. The investment saw participation from a syndicate including Kathaka, MTech Capital, Simplyhealth and Sony Innovation Fund, alongside returning backers Felix Capital, Hambro Perks, Outward and Seedcamp. The capital will support the company as it scales its personalised healthcare platform for employers across North America.

The business has experienced significant growth since its Series A round in July 2021, driven by rising corporate demand for inclusive employee health benefits. Peppy currently supports over 250 enterprise clients, offering virtual access to clinical experts for conditions such as menopause, endometriosis and polycystic ovary syndrome.

From the founder

"We’re on a mission to become a household name across the world and our Series B funding is just the start. We already dominate Europe’s employer-funded gender-based healthcare market. With our growing team in the US and numerous big brands already choosing Peppy, we will soon be a leading player in America."

Mridula Pore

Co-Founder and Co-CEO at Peppy

Investor perspective

"Over the three years we have known the company, the Peppy team has executed above all expectations, giving us confidence that Peppy will go on to be the global category leader in providing personalised expert-led pre-clinical care to all. The rate of customer adoption highlights the depth of market need and Peppy has now cemented itself as the European category leader. The early proof points from customers and partners in the US are particularly exciting and we are delighted to be partnering with Peppy"