Habitual Names New Chairman Amidst £1m Funding Round
Deal News | Apr 14, 2025 | Business Cloud
HealthTech company Habitual, based in London, has secured £1 million in funding from Lexham Partners to advance its weight loss solutions. Along with the funding, Professor Sneh Khemka has been appointed as the new chairman. Habitual aims to provide holistic weight loss solutions incorporating GLP-1 medication, meal replacement shakes, soups, and personalized support, with a focus on reversing type 2 diabetes and facilitating sustainable habit change. The CEO, Napala Pratini, originally from California, shifted her career focus from medicine to health entrepreneurship after realizing the potential for holistic treatments in combating chronic health conditions. With over 500,000 individuals in the UK prescribed weight loss medications, the market is expanding rapidly, and Habitual plans to use the new funds to grow its range of products and services. The development aligns with the NHS's efforts to reverse type 2 diabetes by adopting holistic solutions.
Sectors
- HealthTech
- Pharmaceuticals
Geography
- United Kingdom – Habitual is a London-based company, and the weight loss solutions market in the UK is expanding, with the NHS involved in related programs.
- California, USA – The founder of Habitual, Napala Pratini, is originally from California, indicating a cross-geographical influence in the company's origins.
Industry
- HealthTech – The article focuses on Habitual, a company providing tech-driven health solutions, particularly for weight loss and diabetes management.
- Pharmaceuticals – Mention of GLP-1 medications highlights the role of pharmaceuticals in Habitual's weight loss solutions.
Financials
- £1 million – The amount raised by Habitual in its latest funding round supported by Lexham Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Habitual | Target | Company | A London-based HealthTech company offering holistic weight loss solutions and aiming to expand its services with the new funding. |
| Lexham Partners | Investor | Company | Provided £1m funding to Habitual to support its expansion efforts. |
| Professor Sneh Khemka | Chairman | Person | Existing board member appointed as chairman of Habitual. |
| Napala Pratini | CEO | Person | Co-founder and CEO of Habitual, with a background in medicine and health entrepreneurship. |