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Sokratis Papafloratos
Founder & CEO of Numan.com
Sokratis Papafloratos is a veteran entrepreneur and the founder and CEO of Numan, a digital health platform focused on men's health. Here are some key points about Sokratis and Numan:
Background and Career
Sokratis has a strong background in technology and entrepreneurship:
- He holds a master's degree in electronic engineering from the University of York and a master's in information processing and neural networks from King's College London.1
- He worked as a business analyst for Vodafone Group and as Head of UK Operations at Qwikker, a Sequoia-funded startup.1
- In 2005, he founded TrustedPlaces, which was acquired by Yell Group in 2010.1
- He co-founded Togethera in 2013, though this venture was later shut down.14
- Sokratis has also been an angel investor, notably as an early investor in Calm, the mental health unicorn.12
Founding Numan
Sokratis founded Numan in 2018 in London with a mission to help men live healthier, happier lives.12 The company offers:
- A digital health platform dedicated to revolutionizing men's health
- Personalized, integrated care addressing issues like erectile dysfunction, hair loss, weight loss, and sleep problems
- Medical and behavior-based treatments
- A comprehensive and personalized approach for each user
Numan's Success
Under Sokratis' leadership, Numan has achieved significant success:
- The company has helped over 400,000 individuals on their health journeys.12
- It represents approximately 1.2% of the male population in the UK.2
- Numan has an average subscription length of three years and a Customer Satisfaction score of 91%.2
- The company is recognized by over 50% of its addressable market.2
- In 2021, Numan secured a $40M Series B funding round, the largest raise in the men's health space at the time.2
Entrepreneurial Approach
Sokratis is known for his innovative approach to business:
- He focuses on leveraging technology for positive behavioral change and destigmatization in men's health.12
- His experience as both an entrepreneur and angel investor has given him valuable insights into building and scaling successful ventures.2
- Sokratis emphasizes the importance of learning from failures, as demonstrated by his experience with Togethera.34
Sokratis Papafloratos continues to lead Numan in its mission to transform men's healthcare through digital innovation and personalized approaches.
Highlights
I'll be on the 'Evolution of Telehealth' panel at HealthTechX Summit 2024, where we dissect the impact and future of telehealth in a post-COVID world. Have the promises of enhanced efficiency and improved patient experiences been met?
The answers await on 28 February at the Hurlingham Club in London. It's a great event with a packed agenda, and you can register via the link below for a 30% discount on tickets using referral code: HTX24SPEAKER https://lnkd.in/e6EHze6f
Today marks 5 years since I founded Numan.
We’ve come a long long way since then, but it feels we’re just getting started. We set out to build a holistic health partner for men, a recognised and respected brand, a formidable team and a great business. It’s amazing to see the different pieces coming together and create something larger than the sum of its parts.
In the last five years I’ve become a husband and father, entered (chronological) middle life for real, shed a few pounds, lost most shades of black from my hair, started taking my health a lot more seriously, climbed a few (literal) peaks, and went through a bunch of (metaphorical) lows. Reflecting back, I’ve had the most meaningful and impactful years of my life.
The world is so different now compared to 2018. I’m amazed how collectively resilient we’ve been and I see a real transformation around how people understand, engage and act when it comes to their health and well-being. And I’m proud that we’re making a positive contribution to that.
Every part of the healthcare ecosystem is being connected to a digital infrastructure, different diagnostic modalities are proliferating, and we’re starting to join up insights, interventions and outcomes. We’re entering a new era in health, and I can’t wait to see where we are five years from now.
To our patients who have trusted us, I want to say a big thank you and promise that we’ll keep doing better to serve you. I’m proud of the entire Numan team who keeps building and never settles, and thankful to our supporters and investors who have been there from the beginning and the ones who joined the journey along the way. Here’s to the next five years, and the five after that!
(The photo below is from our first proper office that had six desks, which we rented while the rest of the building was being fitted out. Got quite a bargain for it, even if it meant we had to bring our own water in and had no kitchen for the first few months. Fond memories.)
cc Afonso Campos Keith Richman Paul Heydon Vica Manos Birgir Ragnarsson Eric Martineau-Fortin Nicholas Stocks
