# Changing Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/changing-health

- Industry: Healthcare IT
- Headquarters: Newcastle, UK
- Website: www.changinghealth.com
- Total disclosed funding: $5.1M
- Latest round: Series A (Dec 7, 2018)
- Investors on record: 4

## About

Changing Health Limited is a digital health company that specializes in providing coaching and support for individuals with chronic conditions. Their platform integrates behavioral and data science to empower users in managing their health effectively.Changing Health Limited, founded in 2015 and headquartered in Newcastle, UK, focuses on enhancing chronic condition management through a digital platform. The company has undergone no significant pivots and does not have any known subsidiaries. Michael Trenell, the founder, has a history in health technology innovation. The firm has completed 2 deals, with the most recent being a Series A funding round in December 2018, where it raised GBP 3 million from investors including North-East Venture, SHIFT Invest, and Tate & Lyle Ventures. This round brought the total amount raised to GBP 3 million.Changing Health Ltd. offers a digital health platform designed to support individuals diagnosed with chronic conditions. The platform leverages behavioral and data science to provide personalized programs that aim to improve health outcomes and foster behavioral changes. Their primary product assists users in managing chronic conditions, ultimately enhancing their quality of life and helping them reach health milestones such as remission. The target clients are healthcare providers like GP practices and hospitals, seeking innovative solutions to enhance patient care, primarily within the UK.In the most recent fiscal year 2024, Changing Health reported revenue of GBP 945,441 and an EBITDA of GBP 178,357. The company's revenue model includes B2B partnerships with healthcare providers and subscription services for end users, facilitating access to their coaching and support platform. Revenue is generated through contracts and licensing agreements, ensuring that healthcare providers and patients can effectively utilize their solutions for chronic condition management.Changing Health Limited intends to expand its product offerings and enhance its market presence by developing new features for its digital platform, although specific release dates have not been disclosed. The company is looking to grow into additional geographic markets beyond the UK, with plans to explore regions in Europe by 2025. The GBP 3 million raised in the Series A funding round will support these initiatives, allowing for development of new products and expansion efforts to improve patient support across various healthcare systems.

## Funding rounds

- Series A, Dec 7, 2018, $3.8M — Tate & Lyle Ventures, SHIFT Invest, North-East Venture
- Seed, Aug 24, 2016, $1.3M — Northstar Ventures

## Investors

- Northstar Ventures (https://capitalatlas.ai/funds/northstar-ventures) — Seed
- Tate & Lyle Ventures (https://capitalatlas.ai/funds/tate-lyle-ventures) — Series A
- SHIFT Invest (https://capitalatlas.ai/funds/shift-invest) — Series A
- North-East Venture (https://capitalatlas.ai/funds/north-east-venture) — Series A