Unmind, the workplace mental health platform, has announced it has raised 10 million dollars in a Series A funding round.
Led by Berlin-based Project A, with the continued support of Felix Capital, the funding – which is one of the largest series A rounds for a European mental health tech business – will support company growth, and its commitment to measurably improve the mental health of employees in workplaces around the world.
Since its launch in 2016, the company has seen fast-growth, growing revenue by more than 300% in 2019. Today, it counts some of the UK’s most iconic businesses as customers, including John Lewis & Partners, ASOS, Just Eat, British Airways, and Slaughter & May to name just a few.
The company is now supporting employees in more than 50 countries, and over 350,000 people have access to its services.
Built on the premise that prevention is better than cure, the platform focuses on helping employees get the most from their personal and professional life.
Available anytime, anywhere, employees can measure and then manage their mental health by accessing tools and training based on their individual needs.
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Dr. Nick Taylor, Co-founder of Unmind and Clinical Psychologist said: “Our mental health is one of the most incredible things about being human.
“At Unmind, we believe that looking after our health means caring for the whole human, and by weaving work and wellbeing into one, we can build organisations where everyone can fulfil their potential. This funding will help us to meet growing international demand, offer new services to our users, and further realise our vision of a world where mental health is universally understood, nurtured, and celebrated.”
Antoine Nussenbaum, Partner and Co-Founder, Felix Capital added: “Over the years we’ve seen an enormous shift in how we think and talk about mental health – but little has been done in terms of practical solutions. Unmind continues to demonstrate how their technology is being used to help organisations and their employees measure, manage, and improve their mental wellbeing.
“We fundamentally believe in their ethos and we think it’s pertinent that in 2020 businesses start tackling the problem by taking meaningful actions. Supporting Unmind’s growth and success as it looks to scale and expand their business is the first step that we can do to ensure that we are part of this global movement.”
Thies Sander, Founding Partner, Project A comments: “Unmind is a world-leader in digital mental health and continues to innovate across all verticals and geographies in a highly competitive space. This is driving greater demand for innovative solutions to a growing problem and we believe that Unmind is best-placed to meet this considerable opportunity”.