Numan Raises £10M to Revolutionize Men’s Healthcare Through Digital Solutions
London-based men’s health startup Numan has successfully closed a £10 million Series A funding round, positioning itself as a major player in the growing digital healthcare space for men. The investment was led by Novator, with participation from Anthemis Exponential, Vostok New Ventures, and Colle Capital.
Expanding Beyond Erectile Dysfunction Solutions
Founded 18 months ago, Numan initially focused on providing accessible treatments for erectile dysfunction but has since expanded its offerings to become a comprehensive men’s health platform. The company now provides subscription-based pharmaceutical solutions for various health concerns, joining compe*****s like Roman and Hims in addressing the underserved men’s wellness market.
Strategic Growth Plans
With this new capital infusion, Numan plans to:
- Accelerate technological development
- Expand operational capabilities
- Grow its executive team, including the recent addition of Sam Shah (former NHSX CEO) as Chief Medical Strategy Officer
Addressing Critical Healthcare Gaps
“We’re building a new kind of healthcare company that gives men simple, accessible solutions for their health and wellbeing challenges,” said Sokratis Papafloratos, Numan’s founder and CEO. “The COVID-19 pandemic has further highlighted the importance of preventative healthcare, motivating more men to take proactive steps.”
Research consistently shows that men are:
- Less likely to seek medical attention when needed
- More prone to serious health conditions including cancer and heart disease
- More likely to engage in risky behaviors like smoking and excessive drinking
Investor Confidence in Digital Health
Birgir Már Ragnarsson of Novator, who joins Numan’s board as part of the investment, commented: “We were impressed with Numan’s capital-efficient execution and future vision. Healthcare represents one of the largest global transformation opportunities, and we’re excited to support Numan’s journey.”
This funding round signals growing investor confidence in digital health platforms that address longstanding gaps in men’s healthcare accessibility and stigma reduction. As telehealth adoption continues to rise, Numan is well-positioned to capitalize on this expanding market opportunity.
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