Numan, London-based online men’s healthcare facility has completed £10 million Series A funding round in October 2020. This round was led by Novator, along with Anthemis Exponential, Vostok New Ventures and Colle Capital.
Numan aims to use this fund to expand and develop its health and well-being products and pharmaceuticals catering to men, supplements and vitamins and online healthcare with UK-based doctors.
Sokratis Papafloratos, Numan’s Founder and CEO said, “We are building a new kind of healthcare company that gives men simple and accessible solutions for their health and wellbeing problems.”
“We help men understand their health better through a series of diagnostics and clinician consultations, and offer medical solutions that cover anything from Sexual Health, to Hair Loss, Smoking Cessation and General Wellbeing – all via a comprehensive digital health platform. The COVID crisis is motivating men to take better care of themselves and we look forward to becoming a holistic health partner for them, backed by a world-class team of investors,” he added.
Recent findings show that three out of four men do not go to the doctor when they fall sick. Men are also more likely to get cancer, heart disease, obesity and are more prone to smoking and substance abuse. Numan provides state of the art healthcare personalised to men’s needs. They have a team of doctors to cater to the customer’s every need and to come up with customised treatment plans online.
Birgir Már Ragnarsson, partner at Novator said, “We were impressed with Numan’s capital-efficient execution so far and are excited about the future direction of the company. Health is one of the largest economic transformation opportunities still addressable at a global scale, and we’re delighted to be part of Numan’s journey.”
Numan is a London-based online clinic for men founded by Sokratis Papafloratos in 2018. A subscription to Numan provides customers access to UK based medical professionals, online consultancy service, plain general packaging of products, approval of applications within 3 hours and automatic refills of medicines. Their services are available through a mobile application.
Novator Partners is an investment firm founded by Thor Björgólfsson, an Icelandic entrepreneur and businessman founded in 2004. It specialises in investing in companies from different sectors across telecommunications, health, media and technology sectors. Novator Partners helps in recognising uncommon market opportunities, through which the companies can achieve growth. It targets early-stage venture, late-stage venture and private equity funding.
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