Rem3dy Health, a pioneering Midlands-based healthtech company, has secured a £500,000 SAFE investment from Future Planet Capital Regional, through the West Midlands Co-Investment Fund. This investment forms part of a larger £9 million total raise, which includes contributions from existing and new investors such as Suntory, ADM, and UPSA. The funding will primarily be used to expand Rem3dy Health’s manufacturing footprint, boost capacity, and support further market share gains across key regions like the US and Asia. The West Midlands Co-Investment Fund is managed by Future Planet Capital Regional, formerly known as Midven.
Consumers increasingly seek personalised and convenient solutions for their health and wellness needs. Traditional vitamin formats often involve multiple pills, synthetic ingredients, and generate significant plastic waste, failing to cater to individual dietary requirements or sustainability concerns.
Rem3dy Health addresses this challenge with its innovative approach to personalised nutrition. Through its flagship brand Nourished, the company utilises patented 3D printing technology to create bespoke, seven-layer nutrient gummies. These customised “stacks” offer a unique, effective, and enjoyable way for consumers to receive their tailored daily supplements.
The technology behind Nourished provides a more effective and user-friendly way to consume vitamins. Crucially, the materials used are natural substances derived from real food sources such as fruit, making them safer and healthier than synthetic alternatives. They are free from artificial additives and chemicals, reducing health risks and often retaining beneficial vitamins and antioxidants. To date, Rem3dy Health has secured a total investment of £19 million, which has funded the construction of three factories, driven international growth, and facilitated omnichannel expansion. This capital has also supported the design and build of several new manufacturing technologies, significantly enhancing the company’s existing portfolio of 29 approved patents.
The West Midlands Co-Investment Fund’s decision to invest in Rem3dy Health was deeply rooted in the company’s strong regional ties and groundbreaking innovation. Melissa Snover, Founder and CEO of Rem3dy Health, is a staunch advocate for the West Midlands, having previously built and scaled successful businesses within the region. Her commitment to having a West Midlands investor made this £500,000 investment available as part of the SAFE round.
Future Planet Capital Regional is particularly excited by the technology and the company’s achievements, recognising its potential to revolutionise vitamin consumption with its effective, natural, and sustainable approach. Its innovative technology has the potential to significantly improve efficiency and environmental friendliness within the health and wellness industry.
The West Midlands Co-Investment Fund (WMCO) was launched by the West Midlands Combined Authority (WMCA) and the West Midlands Pension Fund last year. Its purpose is to help expand Small and Medium-sized Enterprises (SMEs) that offer high-growth potential and the ability to help supercharge the regional economy. Managed by Future Planet Capital Regional, the fund provides innovative SMEs with equity of up to £1 million, matched on a 1:1 basis by private co-investment.
“Securing this investment from Future Planet Capital Regional and the West Midlands Co-Investment Fund is a significant milestone for Rem3dy Health. It’s particularly meaningful to have a strong West Midlands investor join us, further cementing our roots in this dynamic region. This funding will be crucial as we scale our manufacturing capabilities and expand our reach globally, continuing our mission to provide truly personalised and sustainable health solutions.”
Melissa Snover, Founder and CEO of REM3DY Health
“This is what my Growth Plan is all about: supporting brilliant ideas that create jobs right here in the West Midlands. In Rem3dy Health we are providing an innovative, homegrown business with the funding it needs to scale up, export its products and compete on a global stage.”
Richard Parker, Mayor of the West Midlands and WMCA Chair
“We have known Melissa Snover for several years and are incredibly impressed by her dedication to the West Midlands. Her desire to have a local investor on her cap table, coupled with the groundbreaking technology Rem3dy Health is developing, made this an unmissable opportunity. We are truly excited by what the company is achieving. Not only does it offer a more effective and user-friendly way to consume vitamins, but the use of natural, food-derived materials, free from artificial additives, makes their products inherently safer and healthier for consumers. This aligns perfectly with our fund’s commitment to supporting innovative and impactful businesses.”
Rupert Lyle, Investment Director at Future Planet Capital Regional and Fund Principal of WMCO
“We are proud to see the West Midlands Co-Investment Fund backing Rem3dy Health, a business rooted in our region and pushing boundaries in health innovation. At the Fund we are committed to supporting enterprises that not only create jobs and economic growth locally but also have the potential to compete globally. This investment is a strong example of how regional capital can help ambitious businesses scale, deliver real impact, and showcase the strengths of the West Midlands on the world stage.”
Rachel Brothwood, Executive Director of Pensions
About REM3DY Health (Nourish3d):
Rem3dy Health, known for its Nourished brand, is a pioneering healthtech company based in the West Midlands. Founded in 2019 by Melissa Snover, the company specialises in creating personalised, 3D-printed nutrient gummies using patented technology and natural, vegan ingredients. Rem3dy Health is dedicated to providing impactful, tailor-made nutrition solutions globally.
About Future Planet Capital:
Future Planet Capital is the impact-led, profit-first venture capital firm built to back founders, science and technology benchmarked against the world’s top centres of innovation. Founded in Britain, but with global outlook and reach, Future Planet invests globally, nationally and regionally and has an unparalleled network and data-driven capability to invest across all stages in companies targeting the global challenges of climate change, education, health, security & sustainable growth.
Founded in Britain with a global outlook and reach, FPC manages over $450m for public and private investors and has deployed a further $200m of co-investment. It manages the UK Innovation & Science Seed Fund, a national seed investment fund backed by UK Research and Innovation, the Ministry of Defence, the Department of Science, Innovation and Technology and other public bodies. It is also a major regional investor, managing both the Midlands Engine Investment Fund (MEIF) for the British Business Bank and the West Midlands Co-Investment Fund (WMCO) for their local combined authority.
For more than 25 years, leading Birmingham-based venture capital firm Future Planet Capital Regional, formerly known as Midven, has been supporting Midlands SMEs, investing more than £90m into the region and raising over £200m co-investment into its portfolio. The firm’s ‘more than money’ approach helps to build strong and successful companies and support businesses every step of the way. For more information about Future Planet Capital Regiona
About West Midlands Co-Investment Fund:
In March 2023 Future Planet Capital Regional, formerly known as Midven, was appointed the fund manager for the £25m West Midlands Co-Investment Fund. The fund has been set up by the West Midlands Combined Authority (WMCA) in partnership with the West Midlands Pension Fund to invest equity of up to £1m in innovative high growth SMEs in the WMCA area. Operating over a 10-year period, the fund will also focus on bringing new private investor money to the region, and using a co-investment model will invest alongside business angels and other private sector investors on a minimum £1 to £1 basis.
About the West Midlands Pension Fund:
The West Midlands Pension Fund provides Local Government Pension Scheme services to over 340,000 members and more than 800 employers across the West Midlands region. It is the second largest LGPS Fund in England and Wales with over £21 billion of assets. Over £7.6 billion of these are invested in the UK in a wide range of assets including infrastructure projects, private equity and property.
Employers include the seven Local Authorities: Birmingham City Council, Coventry City Council, Dudley Metropolitan Borough Council, Sandwell Metropolitan Borough Council, Solihull Metropolitan Borough Council, Walsall Council and the City of Wolverhampton Council (who are also the Administering Authority), together with the West Midlands Combined Authority for the seven Constituent Authorities.
The Fund was recognised for its strong governance and investment strategy achieving awards in both categories in the Local Authority Pension Fund Investment Awards 2024. In 2023 the Fund won the Investment Innovation Award for its collaboration with the West Midlands Combined Authority to support growth and innovation among new companies and technologies within the region via the new West Midlands Co-Investment Fund.
The Fund has achieved signatory status to the UK Stewardship Code (2020) for the last four years, and has attained accreditations for Pension Administration from PASA, holds Investors in People (GOLD), Customer service excellence and annually undertakes independent benchmarking to inform continuous improvement.
