$11m Investment for London Health Tech Startup
Quit Genius, a US and UK health raises £11million from a Series A funding round led by Octopus Ventures.
14:11 16 October 2020
Quit Genius, a UK and US health tech startup that specialises in the use of cognitive behavioural therapy to help users quit smoking, has raised £11million investment from a Series A funding round led by Octopus Ventures.
Organisations that joined the round include Hubert Burda Media’s international growth capital arm BurdaPrincipal Investments, Y Combinator, Startup Health, and Triple Point Ventures. The firm will use the funds to expand into other types of addiction, including opioid and alcohol addiction.
Amelia Townsend, principal at BurdaPrincipal Investments, commented: “At BPI we are working in-depth into the health tech space.
“We are delighted to join the Quit Genius team and our fellow investors and are looking forward to being part of the journey!”