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Span Health

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Digital care platform to avoid lifestyle induced diseases, symptoms, medication and complications.

124%
 - 
Funded 30 Jun 2020
£100,001 target
£134,892 from 279 investors
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Business overview

Location Poole, United Kingdom
Social media
Website www.span.health/
Sectors Healthcare Digital B2B
Company number 11497171
Incorporation date 2 Aug 2018
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Investment summary

Type Equity
Valuation (pre-money) £2.2M
Equity offered 5.45%
Tax relief

EIS

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Business highlights

  • Helped more than 10,000 people live better, longer
  • 57% reversal rate for diabetes and 90% symptom relief
  • 76% product engagement rate
  • 2 corporate health pilots
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Key features

  • Secondary Market
  • Seedrs nominee min. £15.99 +
  • Idea
  • Team
  • Updates
  • Investors 279
  • Discussion
  • Documents

Idea

Please note that whilst the campaign is labelled as EIS eligible the Company has £100,000 remaining of its SEIS limit. Any tax relief is dependent on personal circumstances and may be subject to change in the future.

Introduction

1 in 2 people live with a lifestyle induced symptom or condition. It's an ongoing epidemic.

They deserve more than a 9 minutes check-up and less prescribing.

With a growing waiting list, most people don’t get access to lifestyle support within 12 months.

COVID-19 made it worse. Our mission became more relevant than ever.

Since August 2018, we have helped more than 10,000 people live better, longer.

We reimagined health care how it should be: personal and continuous.

We are using technology to deliver an unrivaled health care experience that helps people avoid lifestyle induced diseases, early symptoms, medication and complications.

Our easy-to-use mobile app that allows you to chat with clinicians, book video consultations, order blood tests at home, and see the results - all in one place.

Our team of clinicians and experts in medical nutrition and mental wellness come from backgrounds such as Stanford, Duke and Harvard. Together we bring more than 20 years of experience to the table.

Substantial accomplishments to date

Since August 2018, we have helped a community of more than 10,000 people live better, longer.

90% of our members have alleviated their primary symptom.

In an internal study 57% of patients have reversed their type 2 diabetes: they successfully got off blood sugar medication after 12 weeks.

In 2019, we agreed on an NHS pilot for 100 patients in collaboration with the National Institute of Health Research in North West London.

Finally, we recently launched our corporate health program and started discussions with benefits managers in the UK.

Monetisation strategy

The next step on our journey is to help businesses deliver outstanding employee wellness with Span. COVID-19 intensified that need.

Employers will pay a monthly subscription per employee, equivalent to a gym membership.

Employees get access to the services in the plan. They are able to upgrade for additional blood tests and care services if needed.

Long-term, we're also gathering more clinical evidence on diseases such as type 2 diabetes and polycystic ovary syndrome, for commissioning of more specific interventions by NHS trusts and private insurers.

Use of proceeds

We are now expanding to provide employees with blood tests to screen for health risk factors, antibodies, reduce these lifestyle risks, manage mental wellness, allowing businesses to recover safely, quickly, and in a sustainable way.

We also need to keep improving our platform with data insights, prediction and machine learning to structure the clinicians processes and further reduce our operational costs.

We’re backed by some of the best angel investors in Europe: Tiny VC, The Family, partners at Entrepreneur First and co-founders of Amazon Alexa, Criteo, and Clue.

In 18 months, we’ve grown to 4,000 members with an incredible team and we've been proving day in, day out, that you can create a new model of care for long-term health, one that is more convenient and delivers better outcomes for millions of people.

With your backing and investment, we have the incredible opportunity to build a profit with purpose business that can drastically change the healthcare system, for the better.

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

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Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

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© Seedrs Limited 2021. All rights reserved. Seedrs is a registered European Community trademark (No. 008771537) and registered United States service mark (No. 85423072) of Seedrs Limited, a limited company registered in England and Wales (No. 06848016), with registered office at Churchill House, 142-146 Old Street, London EC1V 9BW, United Kingdom, VAT No. GB 208 3065 32. Seedrs.com is a website owned and operated by Seedrs Limited.

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This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
Valuation rounded from £2,164,895

Pitch type

There are 4 types of investment pitch available on Seedrs.

  • Equity
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  • Fund
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Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

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Seedrs nominee

This shareholding type is available with this raise.

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Secondary market

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Direct investment

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.