Syndi Health, a London, UK-based startup that provides an AI health platform secured $2 million in equity and grant funding.
The oversubscribed pre-seed round includes participation from Silicon Valley-based Plug and Play, Remus Capital, Neo Kuma Ventures, UK-based Founders Factory, Syndicate Room’s Access Fund, and a roster of angel investors.
The funds will be used to continue building the platform, grow the Syndi Health team, and accelerate its B2B customer growth.
Furthermore, Syndi Health will execute its pilots with both public and private healthcare providers and employee benefit programs to grow its user base and capture additional clinical evidence.
Ben Lakey, the co-founder of Syndi Health, said, “We began Syndi Health knowing that we didn’t want to add more noise in the digital health market. Instead, we wanted to help healthcare organisations and insurers offer people a way to forge their own clear and safe path to digital care. As co-founders we’ve both experienced.”
In 2020, Syndi Health launched its solution with student platforms and onboarded over 20,000 users from over 1,300 different schools, universities, and colleges in the UK and the US.
As a result, it is now focusing on employers, healthcare providers, and insurance companies by signing a pilot contract with one of the largest healthcare charities in the UK.
In addition to the investment, Syndi Health has won a £400K grant from Innovate UK as part of their Biomedical Catalyst program, in collaboration with the University of Plymouth and Cornwall Partnership NHS Foundation Trust. T
The funding from the grant will be used to validate the Syndi Health platform within the NHS over the next 18 months.
Company: Syndi LTD.
Round: pre-Seed Round
Funding Month: February 2023
Additional Investors: Plug and Play, Remus Capital, Neo Kuma Ventures, Founders Factory, and Syndicate Room’s Access Fund
Company Website: https://www.syndi.health/
Software Category: AI Health Platform
About the Company: Founded in 2020 by Ben Lakey and Jorge Alexander, Syndi Health is a digital health service recommendation, outcome monitoring, and payment platform that assesses and matches users to effective and immediate support. Syndi Health provides an all-in-one solution for digital health needs. It simplifies management and procurement for organizations. Employees and patients benefit from it and health outcomes are improved at the lowest possible cost. Operating with the mission to make digital healthcare affordable, accessible, and smarter, the startup has built an AI platform that enables healthcare and insurance organizations to drive the adoption and engagement of third-party wellbeing apps and telemedicine services – personalized to suit individual users.