# Peanut App

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/peanut-app

- Industry: Internet
- Headquarters: London, UK
- Website: www.peanut-app.io
- Total disclosed funding: $15M
- Latest round: Series A (Mar 27, 2020)
- Investors on record: 9

## About

Peanut App Limited is a mobile application designed to connect women through various stages of motherhood, facilitating friendships, support networks, and community interactions among users.Founded in 2016, Peanut App Limited operates from London, UK. The company focuses on building a platform where mothers, mothers-to-be, and women navigating motherhood can connect. The founders, Amelie Guyot and Michelle Kennedy, have a history of involvement in community-oriented ventures. In March 2020, Peanut raised USD 12 mn in Series A funding led by EQT Ventures, valuing the company at USD 56.27 mn post-money. The investment attracted participation from Index Ventures and Female Founders Fund, marking a pivotal moment in its funding journey with a total of 4 deals.Peanut is a mobile application that fosters connections among women at different stages of motherhood. It allows users to discover and engage with like-minded individuals in their area, facilitating friendships, support networks, and community interactions. The app features functionalities such as joining interest-based groups, asking questions, and receiving advice from other users. It is primarily targeted at English-speaking countries including the United States, Canada, the United Kingdom, and Australia.Peanut operates on a revenue model that includes direct-to-consumer transactions through various subscription services and potential partnerships with brands relevant to motherhood and parenting. Users can access the platform through tiered subscription plans providing premium features or exclusive content. The revenue structure may also involve advertising partnerships, allowing brands to promote products or services directly to mothers, enhancing user engagement and retention through core offerings such as community access and personalized content.Following the Series A funding raised in March 2020, Peanut App Limited plans to utilize the USD 12 mn to enhance its offerings. The company is focused on developing new features within the app to improve user experience and engagement. Additionally, Peanut aims to expand its market presence in new geographic regions, specifically targeting further penetration into North America and Australia by 2023. Recent funding will be instrumental in supporting these initiatives, ensuring that Peanut can continue to address the needs of its user base effectively.

## Funding rounds

- Series A, Mar 27, 2020, $12M — EQT, Index Ventures, Female Founders Fund
- Seed, Nov 19, 2017, $2.7M — New Enterprise Associates, Partech Partners, Greycroft, Sound Ventures, Female Founders Fund, Felix Capital, Sweet Capital
- Seed, Jan 19, 2017 — New Enterprise Associates, Partech Partners, Felix Capital

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed
- Felix Capital (https://capitalatlas.ai/funds/felix-capital) — Seed
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Seed
- Female Founders Fund (https://capitalatlas.ai/funds/female-founders-fund) — Seed, Series A
- Sweet Capital (https://capitalatlas.ai/funds/sweet-capital) — Seed
- EQT (https://capitalatlas.ai/funds/eqt) — Series A
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A