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Big Health gets £9.15m in round led by Octopus Ventures

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Digital health firm Big Health has landed £9.15m in funding in a round led by Octopus Ventures.

The round also drew support from Kaiser Permanente Ventures, Index Ventures, Sean Duffy, JamJar Investments, Esther Dyson and Peter Read.

Founded in London in 2010 by Peter Hames and Professor Colin Espie, Big Health – the creator of digital sleep improvement program Sleep.io – also has an office in San Francisco.

Octopus Ventures raises £120m to invest in UK AI startups

Peter Hames, co-founder and CEO of Big Health, said: “Over 750,000 employees now have access to our Sleepio program after our first full year in the US market. This new investment allows us to push on towards our goal of helping millions back to good mental health, by growing the number of companies we work with and evolving our products to help address an ever-wider range of mental health issues.

“But we’ll only achieve this goal – and firmly establish a new ‘digital medicine’ industry – by remaining committed to evidence-based solutions that deliver real outcomes for users,” he added.

Alliott Cole, early stage investor at Octopus Ventures, commented on his firm’s decision to lead and invest in the round: “We’re dedicated at Octopus to backing unusually talented teams. In providing funding to Big Health, this will assist the company with its aim to help more people than ever before and also move its product further into the mental health space.

“We’re delighted to support the growth of the Big Health team,” he concluded.

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