Startups are catching on to some major workforce trends in the developed world. There is the digitization and “platform” of employee health services, as well as the holistic effects on older employees, and the cost-of living crisis for new parents.
In London, founded in 2018. LustyServices related to fertility, menopause, early parenthood, and pregnancy to corporate clients. These services can then be provided at no cost to employees. These services are one-on-one with video consultations and the like.
Peppy was part luck, part prescience: The massive digitization that took place during the COVID-19 Pandemic pushed staff services such as this one online out of necessity.
Peppy employees can connect with experts via the mobile app through instant messaging, group chats, video consultations and live events. They can also join communities.
In 2021, we showed you how it happened. StarchFelix Capital leads the $10 million Series A.
AlbionVC has provided funding for expansion in the US with a Series B of $45 million. MTech Capital, Simplyhealth, and Kathaka are all part of the round. Participants included Seedcamp, Hambro Birx and Felix Capital, as well as Seedcamp and Outward VC investors.
Peppy began to address the often overlooked topic of menopause support as an employer benefit. This is an area that has seen a lot of growth, and has attracted a lot of attention. According to some estimates, the global menopause market has surpassed $15.4 billion in value. It is expected to grow at five per cent annually through 2030 according to some estimates. . Each day, approximately 6,000 women in the United States experience menopause.
Peppy now supports endometriosis (PCOS) and polycystic-ovary syndromes (EPO), which affect almost 1 in 10 American women.
Dr. Mridula Pur, Co-Founder and Co-CEO of Peppy, said in a statement: “We are on a mission to become a household name across the world and our Series B funding is just the beginning. We are already dominating the gender-based healthcare market funded by owners.” work in Europe”.
Peppy’s clients include Accenture and Adobe, Canada Life, Disney, and Marsh McLennan.
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