Digital healthcare platform Numan has raised $60 million (£44.8m) in new funding, which might be used to develop into feminine well being.
Numan‘s preventative well being platform has thus far been geared toward males’s well being together with erectile dysfunction, hair loss and weight problems, utilizing proprietary expertise and knowledge that integrates diagnostics, medicine, skilled care and behavioural change.
The financing is an extension of Numan’s Collection B spherical and contains $27m (£20m) in development capital from HSBC Innovation Banking UK. Plus, a $30m fairness funding led by Large Pi Ventures, with contributions from Endeavor Catalyst and current buyers White Star Capital and Novator Companions.
Sokratis Papafloratos, chief govt of Numan, mentioned: “Our newest funding is a testomony to each our business efficiency and perception in our long-term imaginative and prescient for offering personalised, preventative well being at scale.
“With the recent conviction of Large Pi Ventures, Endeavor Catalyst and HSBC Innovation Banking – in addition to the continued backing of White Star Capital and our long-term buyers – we at the moment are completely positioned to develop our attain, deepen our scientific capabilities, and speed up innovation to assist our sufferers dwell happier, more healthy, longer lives.”
He added: “Over the previous 18 months we’ve seen an explosion in demand – our sufferers have proven unbelievable engagement and achieved life-changing outcomes.
“This curiosity fuelled our development and success in each reaching and sustaining profitability. That’s why we imagine now’s the time to put money into scaling what works and innovating for the way forward for healthcare.”
The brand new capital will help Numan’s development, together with an enlargement into feminine well being and in deepening affected person relationships via enhanced screening and preventative care programmes.
It’s also anticipated to assist Numan’s development within the UK and facilitate its worldwide enlargement.
The corporate plans to make use of the funding in direction of scaling the platform’s infrastructure to serve its rising affected person base, increasing advertising and marketing efforts and advancing its AI capabilities.
Nick Kalliagkopoulos, accomplice at Large Pi Ventures, mentioned: “The workforce’s deal with preventative care, affected person engagement, and scalable expertise units Numan aside within the digital well being sector.
“We’re assured that this infusion of capital will assist Numan consolidate its management within the UK and pave the best way for worldwide enlargement.”
Numan says that it has handled greater than 650,000 sufferers throughout areas resembling weight problems administration, males’s well being and diagnostics. The agency reported $90m (£66.6m) in income for 2024 and is on monitor to attain 150% development in 2025.
Michael White, head of life sciences at HSBC Innovation Banking UK, mentioned: “Our workforce is dedicated to backing daring innovators, like Numan, equipping them with the instruments they should assist them attain their subsequent milestones.
“We sit up for seeing Numan proceed to develop its attain throughout the UK and past.”
In January 2025, Numan introduced the launch of its AI Well being Assistant which is geared toward bolstering the agency’s holistic method to weight administration via well being teaching.
