Unmind raises $10m to improve employee mental health and expand internationally
Unmind, a London-based workplace mental health platform, plans to further develop its platform after raising $10 million in a Series A funding round led by Project A and Felix Capital.
Led by VC-firms Project A and Felix Capital, the funding will support company growth, and its commitment to measurably improve the mental health of employees in workplaces around the world.
$10million is one of the largest series A rounds for a European mental health tech business.
Since launching in 2016, the company has seen fast-growth, growing revenue by more than 300% in 2019.
Unmind's clients include John Lewis & Partners, ASOS, Just Eat, British Airways, and Slaughter & May among others.
The company is now supporting employees in more than 50 countries, and over 350,000 people have access to its services.
Dr. Nick Taylor, Co-founder of Unmind and Clinical Psychologist, said: “Our mental health is one of the most incredible things about being human. We all have it, all of the time, but until recently we’ve only paid attention when things get difficult, and even then we tend to offer one-size-fits-all solutions that don’t flex to individual needs or issues.
“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 fulfill 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.”
Unmind's digital solution empowers employees to take a proactive and preventative approach to their mental health and wellbeing. The team at Unmind want to drive wider cultural change by positioning mental health as something that we all feel inspired to work on.
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.
Thies Sander, Founding Partner at Project A, added: “Unmind is a world-leader in digital mental health and continues to innovate across all verticals and geographies in a highly competitive space. Across the globe, we are seeing a continued, positive shift in the way that society and the workplace think about mental health.
"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”.