Overview

UK businesses spend £2.8bn per year on healthcare insurance (2011), often without having a measurable or demonstrable return on their investment. 

In response, LiveSmart offers its 44 corporate clients helping their 3500 employees with a digital, preventative health platform, focusing on improving employee health by using a combination of blood test analysis, behavioural dashboards and one-to-one tele coaching.

Its digital product enables employers to measure anonymised progress whilst its preventative focus works to reduce the £16bn productivity losses per year due to absenteeism.

Having recently signed a 3-year contract with AXA healthcare which has guaranteed minimum revenues of £1.2m, the company is leveraging preventative and digital trends in the market to scale its product both across the UK and internationally.

Launched in 2016 by co-founders Alex Heaton (CEO) and Lee Robinson (Chairman and Head of Altana Investments), the company is supported by both institutional investors (The London Co-Investment Fund and UME Group Ventures) as well as C level angels from AXA Global, Virgin Active and Dot Matrix Group.

Investment Highlights

  • Capitalising on the emergent nationwide focus into public and private preventative health.

  • Quality assured and regulated product as certified by an Imperial College independent medical evaluation.

  • Key commercial partnership with AXA global with a guaranteed revenue of £1.2m over three years.

  • Impressive growth rates to date, having generated a total of £472k since launch in 2016, forecasting £1m for FY 2018.

  • Strong management team lead by Alex Heaton and Lee Robinson, supported by institutional investors London Co-Investment Fund and UME Group.