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.