Spectrum.Life Secures €17M Funding for HealthTech Expansion
Spectrum.Life, a London, UK and Dublin, Ireland-based company, has recently secured €17M in funding, led by Act Venture Capital with the participation of existing investors. The company plans to utilize these funds to expand its operations and further develop its business reach. CEO and Co-founder Stephen Costello and Founder and Executive Chair Stuart McGoldrick are at the helm of this innovative company.
Founded in 2018 by Stuart McGoldrick and Stephen Costello, Spectrum.
.Life specializes in providing clinically backed digital health, mental health, and wellbeing solutions to organizations. Their HealthTech system aims to drive digital transformation for insurers, educators, and employers by offering co-created or integrated tools that streamline digital processes and enhance the lives of their people. With services reaching over 7.2m insurance members, 3,000 corporate clients, and 650,000 university students worldwide, Spectrum.Life has grown to employ a team of over 260 individuals, including more than 125 clinicians.
In the ever-growing digital health industry, Spectrum.Life has positioned itself as a key player, expecting to surpass €25m in revenue this year. With a focus on engagement, empowerment, and transformation, the company is committed to improving the health and wellbeing of individuals globally. As they continue to make strides in the sector, Spectrum.Life remains dedicated to creating impactful solutions that make a difference in the lives of their clients and users.
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