# Lateral

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lateral

- Industry: Insurance
- Headquarters: London, UK
- Website: www.lateral.uk
- Total disclosed funding: $3.5M
- Latest round: Seed (Feb 3, 2026)
- Investors on record: 3

## About

Lateral, based in the UK, is a health insurance company specializing in innovative health plans for seniors, promoting wellness and providing access to both NHS and private healthcare services.Lateral is a health insurance provider founded in London, UK, in 2025, focusing on health and wellness solutions for seniors. The company was established by Laura Ashforth and Steven Mendel. It raised GBP 2.5 million in a SEED funding round on February 3, 2026, led by Augmentum, with participation from Tiny Super Computer Investment Company and Triple Point Investment Management. This funding facilitated Lateral's ongoing efforts to develop and launch its unique health plans.The Lateral Health Plan offers a unique health insurance product tailored specifically for individuals aged 60 to 75 in the UK, focusing on promoting health and wellness among active seniors. This innovative plan allows members to access NHS services while also providing the option for private healthcare, thus offering a hybrid model that caters to the diverse needs of its clients. Key features include personalized health navigation through qualified nurses, annual health checks, and virtual GP services. The plan emphasizes preventative care, enabling users to access services such as physiotherapy and nutritional support designed to enhance their well-being and maintain independence. The Lateral Health Plan is exclusively available to fit and active seniors, effectively creating a community of health-conscious individuals who share similar values regarding health management.Lateral Health derives its revenue primarily through subscription-based payments for its health insurance plans. Clients pay a monthly premium, with the cost for a 67-year-old member set at GBP 150. These subscription fees contribute to the overall financial model, which is designed to provide affordable health insurance that includes a range of stay-healthy benefits. Client transactions are structured directly to consumers, focusing on individual health insurance plans rather than B2B sales. The company offers annual health checks and access to virtual GP consultations, further enhancing the value of their subscription model. By integrating both NHS and private options, Lateral Health not only simplifies the healthcare experience for its members but also aims to secure recurring revenue through annual renewals of coverage as members maintain their active lifestyles.In February 2026, Lateral raised GBP 2.5 million in SEED funding led by Augmentum to support the rollout of its first product. This funding will assist in launching new health plans targeted at seniors and expanding into additional markets beyond the UK. The company is focused on enhancing its product offerings and increasing its reach to better serve active seniors.

## Funding rounds

- Seed, Feb 3, 2026, $3.5M — Augmentum, Tiny Super Computer Investment Company, Triple Point Investment Management

## Investors

- Augmentum (https://capitalatlas.ai/funds/augmentum) — Seed
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- Triple Point Investment Management (https://capitalatlas.ai/funds/triple-point-investment-management) — Seed