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Men’s health subscription startup Numan closes £10M Series A funding round – TechCrunch

Launched nearly 18 months in the past, Numan joined the rising listing of web sites aiming at males’s well being, reminiscent of Roman and Hims, for instance.

Numan launched aiming to advertise accessible medical cures for Erectile Dysfunction however has since expanded into different areas to constructing a model round prescription drugs on subscription.

It has now closed a £10M Collection A funding spherical led by Novator, together with Anthemis Exponential, Vostok New Ventures, and Colle Capital.
 
“We’re constructing a brand new sort of healthcare firm that provides males easy and accessible options for his or her well being and wellbeing issues… The COVID disaster is motivating males to take higher care of themselves,” stated Sokratis Papafloratos, Numan’s Founder and CEO in a press release.

As a part of the funding, Birgir Már Ragnarsson of Novator joins Numan’s board. “We have been impressed with Numan’s capital-efficient execution up to now and are excited in regards to the future course of the corporate. Well being is likely one of the largest financial transformation alternatives nonetheless addressable at a world scale, and we’re delighted to be a part of Numan’s journey.” 
 
Numan intends to make use of the funds to proceed investing in expertise, broaden operations, and develop the workforce, with Sam Shah, ex CEO of NHSX just lately becoming a member of as Chief Medical Technique Officer. 

Most analysis reveals that almost all males don’t go to the physician when one thing is improper, and but they’re extra probably than ladies to get most cancers, coronary heart illness and develop into chubby, and are extra vulnerable to smoking, consuming, and abusing medication. Therefore why startups like Numan are beginning to present traction, as males can take extra preventative measures.

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Author

Mike Butcher