Lateral

Lateral, a new venture co-founded by former Zego MD Laura Ashforth and ManyPets co-founder Steven Mendel, has successfully secured £2.5 million in seed funding. This investment, led by Augmentum with participation from Triple Point and TinyVC, will support the rollout of Lateral's innovative Lateral Health Plan, designed for the over-60s demographic.

Summary of transaction details:

• Value: £2.5 million
• Sector: HealthTech / Healthcare Technology
• Advisor: Not mentioned
• Key Entities: Lateral (Target), Augmentum, Triple Point, TinyVC (Investors)
• Location: UK

Note: This strategic seed funding enables Lateral to address a significant market gap by providing bespoke health and wealth products for the rapidly growing over-60s population in the UK. The venture aims to empower this demographic with better navigation of healthcare options and access to preventative care, aligning with a structural shift towards self-funded healthcare.