Series A funding pep for digital health

Peppy, a B2B digital health platform has announced a £6.6m Series A funding round.

The investment was led by Felix Capital with previous investors including Outward VC, Seedcamp and Hambro Perks also participating. The investment will be used to scale Peppy’s existing menopause, fertility, pregnancy and early parenthood support and introduce a range of new services for others, including men’s health.

Onto accelerates the UK shift to electric vehicles

All-inclusive electric vehicle (EV) subscription service Onto has raised $175m (£125m) in a combined equity and debt Series B funding round led by Alfvén & Didrikson on the equity raise, and with Pollen Street Capital providing a senior-secured asset backed debt facility. The Series B raise brings Onto’s total funding to date to $245m (£175m).

Wellbeing platform gets positive boost with £1.6m in funding in just two weeks

Leading workplace wellbeing platform, 87%, has raised £1.6m in seed funding to accelerate its expansion. The firm uses clinical data to drive insights that both individuals and businesses can action to improve and strengthen the foundations of their wellbeing.

An increase of over 4000 per cent in total users since the beginning of the pandemic has seen 87%’s compound annual growth rate soar to 400 per cent, sparking high demand for investment in the next stage of the company’s expansion. The latest round of funding was committed in just 14 days, secured purely from existing shareholders and those that had previously expressed an interest.

Disruptive femtech Elvie firm announces £58m Series C funding round

Elvie has announced a £58m ($80m) Series C funding. The funding round was led by BGF and BlackRock alongside existing investors Octopus Ventures, IPGL and Hiro.

The Series C funds will be used to invest in three key areas:

• Innovation and development of new products and services
• Continued expansion into new markets
• Strengthening its operations and infrastructure in preparation for the next phase of high-speed growth

Patchwork Health raises £3.5m to end NHS staff burnout

Patchwork Health, the healthcare staffing platform founded by doctors, has raised £3.5m to accelerate their mission to solve the NHS burnout crisis. The funding comes from Praetura Ventures and BMJ New Ventures.

Freddie’s Flowers blooms with $60m investment from The Craftory

The Craftory has invested $60m (£43m) in flower box subscription service, Freddie’s Flowers. The brand intends to use the funds to support the company’s rapid growth and international expansion, enhance its range of products and hire new talent.

Consumer tech subscriptions company secures $1bn

Consumer tech subscriptions firm, Grover, has secured over $1bn in equity and asset-backed financing. The round is made up of an asset-backed facility from London based Fasanara Capital and an extension of its Series B funding round from $71m (£50m) to $100m (£71m).

Grover will use the fresh capital to accelerate growth and global expansion in new and existing markets.

Further reading

Deals of the week July 19 to July 23 – a GrowthBusiness roundup