Beyondbmi raises €1m in latest funding round
UCD School of Medicine spin-out has closed a €1 million seed funding round, led by private investors and Enterprise Ireland. This brings to just over €1.5 million the total raised by the University College Dublin (UCD) spin-out company this year.
Beyondbmi offers an approach to addressing obesity through personalised medical interventions, community support, and cutting-edge technology. The clinic’s platform has already made a substantial impact on the lives of its clients, referencing an average weight loss of 10% at month six, demonstrating the effectiveness of the clinic’s comprehensive, wrap-around approach to obesity care.
Beyondbmi was founded by medical doctor Dr Harriet Treacy and product designer Peter Lumley with support from senior team members including world-leading obesity scientists and clinicians, Prof Carel Le Roux and Dr Werd Al-Najim, UCD School of Medicine and UCD Conway Institute and Prof Alex Miras, Ulster University.
Dr Harriet Treacy, CEO, Beyondbmi, said: “Beyondbmi’s mission goes beyond weight loss, it focuses on the significant health gains its clients experience. These improvements range from increased mobility, reduced reliance on blood pressure medications, and a return to more active and engaged lives with their families.
“We have seen, on average, 30% month-on-month growth in sign-ups since we began trading at the end of 2022. But more important than that, it’s the stories of our amazing clients and our incredible community that has consolidated the extent of the impact that we are having on people’s lives.”
The new funding will be used by the company to invest in its mobile app, to provide clients with more convenient access to their personalised obesity care plans and a supportive community, to hire additional staff to scale its business-to-business offering, and to expand its expert clinician team, bringing in more specialists to cater to the needs of its growing community.