Relentless Invests in Mental Health Platform Snapclarity to Expand Digital Healthcare Reach

On September 16, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that Relentless had announced an investment in the mental health and healthcare platform SnapClarity. Upon completion of the transaction, Brenda Irwin, Managing Partner at Relentless, will join the Board of Directors of SnapClarity. Specific details of the deal have not been disclosed.

Brenda Irwin stated, “SnapClarity’s innovative classification tool will accelerate patients’ access to medical services. Leveraging 20 years of experience in the healthcare sector, Terri and her team have developed a digital solution that addresses pain points in mental health care by providing targeted tools to safeguard patients’ psychological well-being.”

SnapClarity is an online service platform headquartered in Ottawa, Ontario, Canada. The platform provides industry-leading, clinically validated mental health assessments. SnapClarity’s digital platform helps companies build and strengthen their mental health strategies to better care for their employees by making it easier for them to access mental health treatment. Its mobile application is transforming how employees access and experience high-quality mental healthcare to manage stress, anxiety, burnout, and depression. With just the push of a button, employees can receive personalized wellness plans and immediate support from licensed therapists via text, video, or audio. SnapClarity is committed to delivering higher-quality mental healthcare services, ensuring that everyone has the opportunity to reach their full potential and realize their value.

Terri Storey, Founder and CEO of SnapClarity, stated, “SnapClarity’s values align closely with those of Relentless. In Canada, no other fund has a clear investment mandate focused on the mental health and psychological care sector. SnapClarity is advancing accessible, preventive, and virtual mental health therapies. The addition of Relentless will enable us to help more people realize their full potential.”

Relentless Venture Fund is a venture capital fund dedicated to investing in preventive health and forward-looking technological solutions to optimize health and extend longevity. The firm primarily invests in seed-stage and Series A companies, with investment areas including: preventive health, chronic disease management, digital health, corporate wellness, personal nutrition, active health, human performance, elderly care, diabetes, cardiovascular diseases, mobility, fitness, sensor technology, smart textiles, 3D printing, and the longevity economy.

(Compiled by Tian Shuhang)