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Intellect, the mental health startup focused on APAC, raises $10M Series A – TechCrunch


Theodoric Chew, Founder and CEO of Mind, a mental health app

intelligenceA Singapore-based mental health start-up, primarily focused on the Asia-Pacific market, introduced right this moment that it has raised $ 10 million in Series A funding. The corporate’s providers can be found in two, together with a voluntary mental wellness program in 15 languages ​​and an internet remedy session.Channel: As worker advantages and thru intelligence Consumer app..

This spherical, claimed by Mind, is the largest collection A thus far by Asian mental health start-ups, led by HOF Capital. New traders embody Headline, East Ventures, MS & AD Ventures, DG Daiwa Ventures, Pioneer Fund, and current backers, Insignia Ventures Companions, are again.

Mind claims that 2021 gross sales have elevated greater than 20 occasions year-on-year, primarily as a result of new company purchasers comparable to foodpanda, Shopback, Singtel, Kuehne & Nagel and Schroders. We additionally work with insurance coverage corporations like Mercer and advantages brokers.

Co-founder and CEO Theodoric Chew advised TechCrunch that Mind is not like another worker wellness program. “Mind’s imaginative and prescient isn’t just a self-care app or worker advantages platform, however an entire mental health care system for Asia. By a self-guided program, from the least day by day struggles to power It drives a differentiated method to how you can construct a platform, from medical therapy of the drawback. “

society, Y Combinator AlumMakes use of capital to develop product, engineering, and industrial groups because it continues to develop into new markets. At the moment, it has about 3 million registered customers in a complete of 20 nations and has a powerful industrial presence in Singapore, Hong Kong and Australia, Chew mentioned.

In the new spherical, Mind’s complete has been raised since its launch in 2020 (at TechCrunch). First create a company profileFor $ 13 million, it additionally contains angel traders comparable to Shopback co-founder and CEO Henry Chan. Cathay Innovation’s Rajive Keshup; Former Headspace VP of Engineering Neel Palrecha; Forge co-founder Samvit Ramadurgam; Peak co-founder Sagi Sholler. Snap Inc. Southeast Asia Director Anubhav Nayyar; Common Supervisor of Tinder and Match Group in Southeast Asia Gaurav Girotra.

Startups say hiring charges persistently vary from 20% to 40% amongst corporations that supply it as worker advantages, a lot larger than conventional worker help applications.

The startup has participated in 10 medical research in collaboration with tutorial establishments comparable to Nationwide College of Singapore, Kings School London, College of Queensland, and Singapore Common Hospital, a few of which Mind is pressured, anxious, and depressed. Amongst customers who’ve acknowledged that they’ve already proven to enhance their sickness.

In an funding assertion, HOF Capital accomplice Victor Wong mentioned: In lower than two years, Mind has grown to greater than 3 million people and companies in 20 nations. We’re very excited to assist them in the long term as they proceed to remodel the lives of hundreds of thousands of individuals by inventing new mental health care programs for the workforce and people. I’m. Asia as a complete. “

Mind, the mental health startup focused on APAC, raises $10M Series A – TechCrunch Source link Mind, the mental health startup focused on APAC, raises $10M Series A – TechCrunch



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