Personalised health and wellness solutions are going to be big news in the coming decade. So it is not hugely surprising then that UK-based healthtech company Remedy Health, which makes customised 3D-printed edible vitamins under the brand name Nourished, has raised £7.9 million in Series A.
Investors include ADM Ventures, Cibus Fund, Apater Capital and Henkel X.
This comes after seeing the company revenue grow by over 600% in the last year,
Remedy Health specialises in delivering 3D printed vitamins and protein bars. Users can combine seven active ingredients, from a choice of 28,to optimise the vitamins to best suit their health and lifestyle.
The chewable snacks are available on the company website on a subscription basis which costs £39.99 per month, and it can be cancelled anytime. An annual subscription which slightly reduced the cost, is also available.
The company will use the money to add Kids and Personalised Protein Bars to the range this year, as well as scoping out a potential US launch
Founder Melissa Snover said, “There has been a huge rise in the number of personalised nutrition products launched over the past few years, with the industry predicted to go from $3.7 billion in 2019 to over $16 billion in 2027. Our goal at Remedy is to offer truly personalised nutrition in a single daily format; we utilise our patented 3D printing technology to achieve this, something no one else in the world can do.”
“Remedy Health is ushering forward an entirely new era of true precision nutrition,” says ADM Ventures lead Ian Pinner, Chief Strategy and Innovation Officer at ADM, a global leader in human and animal nutrition.
“The company’s 3D printed health and wellness solutions are helping the entire industry reimagine what’s possible, from truly personalised supplements to protein bars. This is an area that ADM has long been focused on, and we couldn’t be more ecstatic to invest in a company like Remedy Health, which is driving such significant advancements in nutrition, health and wellness.”
“We believe that personalisation is the next great frontier in Consumer Health” said Andy Appelbaum, Managing Partner at RiverPark Ventures. “While this has played out across almost every vertical, it is particularly apt for nutrition. What is unique about Nourished is the defensible technology and differentiated form factor that makes the product incredibly sticky. Consumers love the brand and it shows in its extraordinary retention. Melissa is a once-in-a-generation, visionary founder, and her vitamins are merely a trojan horse into the entire healthcare category.”
