Sexual health is often regarded as a private matter and men usually have a hard time discussing it. There’s also notable stigma attached to men’s sexual issues such as Erectile Dysfunction (ED) and premature ejaculation. The digital platform for men’s health Numan is Helping men with their private issues and it has now raised £30 million in its series B funding round.
Funding and business growth
The latest funding round for Numan was led by White Star Capital, with participation from the company’s existing investors Novator, VNV Global, Anthemis Exponential and Colle Capital, and new investor Hanwha Dream Fund. The latest funding round comes after the company’s £10 million series A funding raise that happened back in October 2019.
In a conversation with UKTN, Numan’s CEO Sokratis Papafloratos notes that the latest funding will be utilised to grow the startups’ business. It will also be used to further develop their digital health tech platform, hire people across all functions and expand the company beyond the UK. Currently, Numan employs over 100 people across the UK Greece, Sweden, and beyond. “We have just secured a new office in central London with plenty of room for us to grow and we have got a number of open roles on our career’s page,” Papafloratos adds. ...