HealthTech startup Numan, a British digital well being supplier, introduced as we speak that it has raised €51.6 million in an extension of Numan’s Collection B spherical to develop into feminine well being and scale the platform’s infrastructure.
The funding is comprised of a brand new €25.8 million fairness funding led by Huge Pi Ventures via its new Development Fund technique. The spherical was joined by Endeavor Catalyst in addition to present traders: White Star Capital and Novator Companions. The fundraise additionally consists of entry to €23.2 million in progress capital from HSBC Innovation Banking.
Sokratis Papafloratos, CEO of Numan, commented: “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. […] We at the moment are completely positioned to develop our attain, deepen our medical capabilities, and speed up innovation to assist our sufferers stay happier, more healthy, longer lives.
“We began 2025 in a really sturdy place, one which allowed us to be genuinely choiceful about our subsequent transfer. Over the previous 18 months we’ve seen an explosion in demand – our sufferers have proven unimaginable engagement and achieved life-changing outcomes. This curiosity fuelled our progress and success in each reaching and sustaining profitability. That’s why we consider now could be the time to spend money on scaling what works and innovating for the way forward for healthcare.”
Based in 2018, Numan gives personalised, built-in care in a single digital platform – together with medical steerage, treatment, behavioural well being teaching, diagnostics and dietary supplements, to assist sufferers take management of their well being. Their focus is on supporting individuals with stigmatised illnesses and situations – corresponding to weight problems and testosterone deficiency – which they consider are undertreated, mistreated or misunderstood.
The brand new capital comes on the heels of a landmark 12 months for Numan, which noticed income greater than double year-on-year to €77.4 million by the tip of 2024. Constructing on the profitability first achieved 18 months in the past, Numan continues to scale quickly and is on observe to realize 150% progress in 2025.
So far, the corporate has now handled over 650,000 sufferers throughout weight problems administration, males’s well being, and diagnostics.
Nick Kalliagkopoulos, Associate at Huge Pi Ventures, mentioned:“Numan has demonstrated distinctive progress and a transparent imaginative and prescient to deal with a few of healthcare’s most urgent challenges, from weight problems to hormonal well being. We’re excited to again an organization that mixes medical rigour with technological innovation to ship higher well being outcomes. The crew’s concentrate on preventative care, affected person engagement, and scalable know-how 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.”
The corporate explains that this newest funding will gasoline their subsequent section of progress – accelerating momentum within the UK, increasing internationally, and unlocking entry to new areas of care.
Particularly, the funding will energy Numan’s enlargement into feminine well being and in deepening affected person relationships via enhanced screening and preventative care programmes.
It’s going to additionally go in direction of scaling the platform’s infrastructure to serve a rising affected person base, increasing advertising and marketing efforts to succeed in extra individuals in want, and advancing Numan’s AI-driven capabilities in a cautious, clinically accountable method.
Michael White, Head of Life Sciences at HSBC Innovation Banking UK, added: “HSBC Innovation Banking is proud to help Numan because it enters its subsequent section of progress. We associate with life sciences and healthcare corporations at each stage of their progress to construct banking and lending options that match their ambitions. Our crew 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.”
