There are several megatrends unfolding across the developed world workforce that startups are eyeing. The digitization of healthcare, the “platforming” of employee services, the macro effect of older employees, and the cost of living crisis for new parents combine.
Founded in London in 2018, Peppy offers menopause, fertility, pregnancy and preterm birth services to its corporate client base and then free of charge to its employees. The twist is that these services are largely personalized, such as personal video consultations.
Peppy was part luck and part visionary. The massive digitization that occurred during the COVID-19 pandemic has inevitably brought these employee services online.
Employees using Peppy can access experts and engage with communities via mobile apps using instant messaging, group chats, video consultations, live events, articles, videos and programs. increase.
In 2021, we covered how we raised $10 million in a Series A round led by Felix Capital.
It has now secured funding to expand in the US in a $45 million Series B led by AlbionVC. Participating in the round were Kataka, MTech Capital, SimplyHealth and Sony Innovation Fund. Previous investors Felix Capital, Hambro Perks, Outward VC, and Seedcamp also participated.
Peppy began tackling the often-ignored issue of menopause support as an employee benefit. This is a fairly untapped area and has seen a lot of rapid growth (the global menopause market has reached his $15.4 billion valuation and is expected to continue growing at an annual rate of 5% through 2030). increase). About 6,000 women in the United States go through menopause every day.
Peppy currently supports endometriosis and polycystic ovary syndrome (PCOS). These are conditions that affect about 1 in 10 women in the United States each.
Dr. Mridula Pore, co-founder and co-CEO of Peppy, said in a statement: We already dominate the European employer-funded gender-based healthcare market. ”
Vibrant clients currently include Accenture, Adobe, Canada Life, Disney and Marsh McLennan.
