Unmind raises £7.7m to improve employee mental health
Unmind has raised £7.7m to improve employee mental health.
The London firm has set its sights on international expansion following the investment round led by Project A and Felix Capital.
The company grew revenue by more than 300% in 2019. It counts the likes of John Lewis & Partners, ASOS, Just Eat, British Airways and Slaughter & May as customers.
It is now supporting employees in more than 50 countries, and over 350,000 people have access to its services.
Last year it raised £3m in a round led by Felix Capital with co-investment from Michael Whitfield and Chris Bruce, founders of Thomson Online Benefits.
Dr. Nick Taylor, Co-founder of Unmind and a 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 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.”
Unmind's digital solution empowers employees to take a proactive and preventative approach to their mental health and wellbeing.
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.
This includes help with sleep and nutrition, coping with work and life stressors, and supporting others. The evidence-based content is developed in collaboration with leading experts and academics in their respective fields.
Antoine Nussenbaum, Partner and Co-Founder, Felix Capital commented: “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.”