Humanity Inc secures £1.9m following seed funding round
Humanity Inc, a new HealthTech app, has today announced that it has raised £1.9m through an international seed funding round.
Developed by serial entrepreneurs Peter Ward and Michael Geer, Humanity is on a mission to help people live healthier, longer lives.
Through tracking key ageing biomarkers, alongside personal characteristics and lifestyle choices, the freemium subscription service uses AI and scientific algorithms to uniquely allow users to monitor their rate of ageing and show them what actions they can take to slow it down, or even reverse it.
The investment round was led by US fund, One Way Ventures, and featured a total of 46 investors including HealthTech Angel investor Esther Dyson, Seedcamp, Jane Metcalfe (co-founder of Wired Magazine), and Michael Acton-Smith and Alex Tew (co-founders of Calm app).
Humanity is Peter Ward’s latest venture after founding WAYN.com (Where Are You Now?), which was sold to lastminute.com after growing its user base to 20 million. Michael Geer previously scaled Badoo to over 70 million users as part of the founding team, and as COO helped lead AnchorFree to 900m users and a $310m exit.
During stealth mode, Humanity created a Science Advisory Board, including biomedical gerontologist Aubrey de Grey, geneticist George Church, BioAge CEO Kristin Fortney and Wellgevity founder, Dr Tamsin Lewis.
Aubrey de Grey commented: “There has been more focus on the science of ageing in recent years causing an acceleration of breakthroughs. However, we still need ways to deliver these discoveries directly to the people. This is what Humanity was made to do and why I am so excited to support them on this mission.”
On launch, CEO Peter Ward said: “Humanity will give people the power to have access to an accurate and clear feedback loop, helping them to know how they can be healthier, and if what they are doing is working for them or not. This is a superpower they have not had access to until now.”
Semyon Dukach, Managing Partner of Humanity’s lead investor, One Way Ventures, added: “We’re proud to be leading this round and backing this extraordinary team, along with a number of other great investors including leading funds and angels in the consumer tech and health space. We believe in the Humanity mission and clearly the timing could not be better for people to get access to such a product.”
Humanity is currently testing its product with users, and has thousands waiting to gain early access. The app aims to launch to the public in the UK and the US by early 2021.