Peanut App is a technology company.
Peanut App has raised $17.0M across 2 funding rounds.
Peanut App has raised $17.0M in total across 2 funding rounds.
Peanut App has raised $17.0M in total across 2 funding rounds.
Peanut App's investors include Banana Capital, BBG Ventures, EQT Ventures, Female Founders Fund, The Community Fund, 50 Partners Impact, 9Yards Capital, American Express Ventures, Amplify.LA, Better Tomorrow Ventures, DN Capital, Foundation Capital.
Peanut App is a social networking platform that connects women across life stages including fertility, pregnancy, motherhood, and menopause, serving over 5 million users worldwide.[1][2][4][5] It builds an online community with features like friend-matching via swiping, discussion threads, groups, live audio rooms, and AI-powered tools such as pregnancy tracking (Peanut Track) and upcoming motherhood milestone trackers (Peanut Grow), solving isolation by providing peer support, advice, and personalized guidance on sensitive topics like TTC (trying to conceive), health, and menopause.[2][4][5] The app has shown strong growth momentum, reaching profitability after raising $32 million in funding, including a $10 million round in 2022, while expanding from motherhood-focused origins to a comprehensive women's life-stage network.[3][5]
Peanut was founded in 2017 by Michelle Kennedy in London, UK, shortly after she left Bumble and had her first child, experiencing isolation amid unhelpful online forums.[2][4][5] With a decade in social networking, Kennedy created "the app she wishes she had" to empower women globally, starting with mothers and pregnant women matched by shared interests like languages, jobs, and child ages.[1][2][4] Early traction included a 2018 community discussion launch as an alternative to mainstream platforms, 2019 expansion to fertility support, 2021 live audio amid COVID restrictions, and menopause inclusion after user demand from those facing induced menopause.[2] Pivotal moments include launching Peanut StartHER in July 2021, a micro-fund for women-owned and excluded founders.[2]
Peanut rides the wave of women's health tech and social wellness, addressing a $50B+ femtech market amid rising demand for stage-specific support post-COVID isolation and menopause awareness.[1][2][5] Timing aligns with AI integration in health apps and Clubhouse-inspired audio social, expanding from motherhood (initial focus) to full lifecycle coverage—including puberty hints—amid corporate wellness pushes like parental leave tools from competitors.[1][5] Market forces favor it: 5M+ users signal network effects, profitability post-$32M funding shows sustainability, and user-driven features like Track leverage data moats.[3][5] It influences the ecosystem by normalizing women-only spaces, funding diversity via StartHER, and competing with Anya, Poppy Seed Health in maternal telehealth.[1][2]
Peanut is poised to deepen utility with Peanut Grow in 2026 and potential expansions like puberty/fertility trackers, capitalizing on AI for predictive health insights amid femtech's 15-20% CAGR.[5] Trends like personalized wellness, voice/audio social, and inclusive investing will shape it, potentially scaling via employer partnerships or global menopause campaigns as user base matures. Its influence may evolve from community builder to full-stack women's health platform, ensuring "no woman figures it out alone" evolves into data-driven empowerment—cementing its role in reducing life-stage isolation.[4][5]
Peanut App has raised $17.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in May 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2020 | $12.0M Series A | Banana Capital, BBG Ventures, EQT Ventures, Female Founders Fund, The Community Fund | |
| Nov 1, 2019 | $5.0M Series A | 50 Partners Impact, 9Yards Capital, American Express Ventures, Amplify.LA, BBG Ventures, Better Tomorrow Ventures, DN Capital, Female Founders Fund, Foundation Capital, Partech Ventures, Sweet Capital, TenOneTen Ventures, The Community Fund, Tiger Global Management, Valia Ventures, Alex Pattis |