Peanut announces successful £3.9m funding round

Funding | South East

Peanut, the largest social network for motherhood, today announced the closing of a £3.9m funding round and the launch of TTC (Trying to Conceive), the first social community for women on their journey to conceive.

Index Ventures, the San Francisco and London-based venture capital firm, the backers of Dropbox, Facebook and Glossier, led the round. Peanut’s funding round brings the company’s total funding to £7.6m. Previous investors include Sweet Capital, Greycroft, Sound Ventures (the venture firm founded by Ashton Kutcher), Female Founders Fund, Felix Capital and Partech.

Peanut is the first social network for women to build strong ties from the moment they consider motherhood – enabling women at similar life stages to connect and provide them with a voice. One million women use Peanut to access a community of likeminded mothers to chat, connect and share advice across meaningful topics.

Today’s launch of TTC (Trying to Conceive) marks the first digital space of its kind, offering women on assisted fertility journeys, those considering alternatives to pregnancy and women experiencing loss, an opportunity for information, support and community.

Michelle Kennedy, CEO of Peanut commented: “We want to shine a light on an often silent struggle. What has always been Peanut’s point of difference is enabling conversations women feel unable to have on any other platform. Providing a safe, inclusive space for women to discuss fertility is a natural progression for our brand as we continue to support women throughout each life stage. No woman should ever feel lonely, isolated or muted on such an important issue.”

Hannah Seal, Principal at Index Ventures said: “We’re incredibly excited to partner with Michelle to grow Peanut from the essential platform for mothers it is today, to a social network for women globally. Peanut is a true companion for women, bringing them together when they need each other the most. We’ve been impressed with the response Peanut has received since launch and look forward to supporting the team as it enters into new areas such as fertility, and expands globally.”

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