HMT LLP advised lead investor Downing Ventures on the £5.4m investment in healthcare e-commerce platform Live Better With.
Founded by entrepreneur Tamara Rajah, Live Better With is a healthcare ecommerce platform aimed at helping people with long-term medical conditions. Live Better With’s online marketplace provides access to non-medical products, services and helpful views and information that can make day-to-day life better for those coping with long-term health issues. The Live Better With community has more than 70,000 patients and carers to date.
In November 2017 the company collaborated with Guy’s Hospital in London and Browns More Hair Now to open the first shop for people living with cancer, selling a range of products from the Live Better With platform.
The Series A investment was led by London-based venture capital firm Downing Ventures with investment from Daily Mail Group and Forward Partners. The funding will be used to help expand the number of conditions that Live Better With can cater for as well as supporting significant new recruitment and building the brand for Live Better With’s own products on the marketplace.
HMT undertook financial due diligence on this transaction.
James Lewis, Investment Director at Downing Ventures commented:
“As ever Paul, Corin and the team got under the hood quickly and effectively. They work well to understand the business and do so working well with Management and Investors alike.”
Paul Read commented:
“We are delighted to have advised Downing on their investment in Live Better With. LBW has found a gap in the market for non-medical products and services for long-term health issues and Downing’s investment will help them achieve their growth goals. We look forward to working with them again in the future.”