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UK mental health startups to cope with burnout blues

Myndr

Since the pandemic, there has been a huge uptick in people being worried about their mental wellbeing. Research by cloud accounting software provider based in the UK, FreeAgent revealed the mental health impact of the COVID-19 pandemic on small business owners and the steps that they have been taking to combat it.

According to the research, around 2.9 million SME owners have experienced burnout as a result of COVID-19. With rising pressure and stress being felt from the pandemic, many business owners have turned to new hobbies and measures to help lessen the negative impact on their mental health.

While a fraction has implemented personal lifestyle changes to combat burnout, more than 22.9 per cent of UK small businesses have implemented mental health policies for their businesses or employees since the start of the pandemic. Given that, here are some mental health startups that are helping small businesses, employees and the common people come out of the pandemic stress.

Spill
Image credits: Spill

Spill

Founder/s: Calvin Benton, Gavin Dhesi

Founded year: 2017

Funding: £2.8M

London-based mental health startup Spill provides remote mental health support for companies via Slack. The startup offers all-in-one mental health support that helps employees to speak with qualified therapists over video, phone or message.

In January, Spill picked up £2 million seed funding led by Ada Ventures along with partner Francesca Warner and the government’s Future Fund initiative. It announced that the investment will be used to develop proactive tools that will help the company create a more psychologically considerate workplace.

Myndr
Image credits: Myndr

Myndr

Founder/s: Lizzy Hodcroft, Emma Reilly

Founded year: 2018

Funding: NA

Founded by women entrepreneurs, the Myndr app is a digital learning and support platform that helps company leaders and its employees deal with common mental health issues via peer-to-peer support. Myndr aims to create an anonymous platform that allows those suffering from common mental health issues to seek help from others who have experienced similar problems. Last year, Myndr received a £300K grant from the Innovate UK Smart Grants programme.

Oliva
Image credits: Oliva

Oliva

Founder/s: Sançar Şahin, Javier Suarez

Founded year: 2020

Funding: £1.7M

UK-based Oliva has launched the first comprehensive online mental healthcare solution for businesses in the UK and Europe. The company provides on-demand, professional-led mental healthcare for employees and managers through a zero-fuss digital platform.

Last month, Oliva had announced a £2.2 million in a pre-seed investment round led by Moonfire Ventures with participation from numerous tech executives from fast-growing European startups and international tech companies, including Amazon, Booking.com, DogBuddy, Typeform, Hotjar, TravelPerk and more. The new funding will support recruitment, product development and international expansion across Europe.

Unmind
Image credits: Unmind

Unmind

Founder/s: Nick Taylor, Steve Peralta

Founded year: 2016

Funding: £49M

Based out of London, B2B mental health platform Unmind helps employees proactively measure, understand, and nurture their mental health across seven core areas of wellbeing – fulfilment, coping, calmness, happiness, connection, health, and sleep. It is available to more than 2 million employees in 110 countries and is used by some of the world’s top employers, including Uber, British Airways, Marks & Spencer, and Samsung.

In May this year, Unmind secured £33.2 million in an oversubscribed Series B funding round led by EQT Venture. Other investors including, Sapphire Venture, Project A, Felix Capital, and True also participated in the round. Unmind will use the funds to accelerate its international growth this year.

Healios
Image credits: Healios

Healios

Founder/s: Rich Andrews

Founded year: 2013

Funding: £10M

Headquartered in Southampton, Healios is a virtual care platform that delivers tailored digital interventions including specialist clinical assessments, therapy sessions, and bespoke support programmes through its employed network of sector-leading clinicians, integrated tools, self-management apps, and a telemedicine platform.

In May 2021, the UK company raised £7 million funding in a Series A round led by InHealth Ventures with participation from existing investors such as AlbionVC. The funds will be used to invest in new assessment and treatment programmes, making even more services available to the NHS and health organisations.

Thymia
Image credits: Thymia

Thymia

Founder/s: Emilia Molimpakis, Stefano Goria

Founded year: 2020

Funding: £803K

A mental health startup in London, Thymia empowers clinicians to assess depression faster and more accurately using video games based on Neuropsychology. Also, it analyses video and speech to make mental health assessments smart, starting with depression.

In June, Thymia secured £780K seed funding in an investment round led by Kodori AG and Calm/Storm alongside participation from Form Ventures, Entrepreneur First, and several angel investors. The funding will be used to scale up its platform to assess and monitor depression.

Silatha
Image credits: Silatha

Silatha

Founder/s: Veroniek Vermeulen

Founded year: 2017

Funding: NA

Silatha is a meditation app that incorporates proven scientific methods with psychology to increase people’s well-being. It focuses on women and the changes they go through in life, inclduing pregnancy, motherhood, postnatal depression, eating disorders, miscarriage and menopause. It has created bespoke gemstone jewellery that women wear while they meditate to anchor them and remind them to stay balanced.

UK Therapy Guide
Image credits: UK Therapy Guide

UK Therapy Guide

Founder/s: Floss Knight

Founded year: 2012

Funding: £450K

An affordable and ethical therapy company, UK Therapy Guide, headquartered in London, helps people better understand their problems. It works with professionally-trained and regulated therapists and guides users to be matched with an expert who will best support their individual needs and location. The service works with therapists, counsellors and psychotherapists across the UK.

Recently, UK Therapy Guide announces it has raised £450K seed funding in its first-ever financing round from an angel investor. The investment will be used to help the platform, which works with hundreds of ethical, accredited therapists, psychotherapists and counsellors, expand its reach and range of services.

Moshi Sleep
Image credits: Twitter

Moshi Sleep

Founder/s: Michael Acton Smith

Founded year: 2002

Funding: NA

UK-based Moshi Sleep is looking to bring mindfulness and meditative techniques to children. Moshi is an app that helps kids sleep. It offers around 150 bits of original content, with 80 original 30-minute bedtime stories written and produced by itself.

In 2020, the Moshi app announced that it closed $12 million (nearly £8.9 million) in a Series B funding round led by Accel alongside participation from Latitude Ventures, Triplepoint Capital, and Bill Roedy, former MTV CEO.

Ieso Health
Image credits: Ieso Health

Ieso Health

CEO: Nigel Pitchford

Founded year: 2000

Funding: £19M

Based out of Cambridge, Ieso Health previously known PsychologyOnline provides online cognitive behavioural therapy (CBT) for the treatment of common mental illnesses such as depression, anxiety and other disorders. Ieso has over 700 accredited CBT therapists and offers clinically-validated treatment for depression.

The company bagged £28 million in July this year across seven funding rounds, including a £453K grant from Innovate UK to explore cognitive and behavioural biomarkers for the diagnosis and treatment of mental health conditions. The other investors include Ananda Impact Ventures, Cambridge Angels and Clearly Social Angels.