Digital healthcare platform Numan, has raised £45 million in Series B funding to support the company’s continued growth and expansion into wider international markets.
Big Pi Ventures led the round of funding, offering £22 million in investment to support the development of tech solutions, while £20 million in growth capital came from HSBC Innovation Banking, allowing Numan to expand overseas. Other key investors included White Star Capital, Endeavor Catalyst and Novator, with funding being used to help Numan continue its progress towards its “preventative health mission”.
According to Numan, this includes “accelerating momentum in the UK, expanding internationally, and unlocking access to new areas of care”. They have outlined plans to expand into female health while also using the investment to deepen patient relationships through “enhanced screening and preventative care programmes”. Scaling the platform’s infrastructure, expanding marketing efforts and advancing AI-driven capabilities have also been noted as key focus areas.
“Our latest funding is a testament to both our commercial performance and belief in our long-term vision for providing personalised, preventative health at scale,” Sokratis Papafloratos, CEO of Numan, said. “We are now perfectly positioned to expand our reach, deepen our clinical capabilities, and accelerate innovation to help our patients live happier, healthier, longer lives.”
This new investment follows a profitable year for Numan, as they saw revenue “more than double year-on-year to £67m by the end of 2024” and are reportedly “on track to achieve 150% growth in 2025”.
Investing in health and care: the wider trend
Bedfordshire, Luton and Milton Keynes ICB recently received additional funding from the Digitising Social Care Programme’s Adult Social Care Technology Fund, allowing them to continue offering support through the AI pain assessment app, PainChek®. The additional funding follows the initial pilot scheme undertaken in Bedfordshire, which saw the app supporting staff in identifying the pain levels of 465 patients. Since then, the region has reported that “more than 14,200 PainChek® assessments have been completed”, with the new funding aiming to support a further 994 people.
Last month, Wales launched a £120 million package to fund the reduction of long wait times and the size of waiting lists in the NHS by 200,000, according to an announcement made by health secretary, Jeremy Miles. As part of the new plan, changes are expected across all health boards within Wales, with the aim to offer services that will support an “increase in productivity and efficiency and reduce variation”.
As part of the Spending Review in June, Chancellor Rachel Reeves announced £29 billion investment aimed at getting the “NHS back on its feet and fit for the future”, with up to £10 billion allocated to tech and digital transformation. The funding was said to enable the NHS to deliver on the Plan for Change and provide training to thousands more GPs in order to increase the number of available appointments.
