Unmind Secures £3M Series A Funding to Advance Workplace Mental Health Platform

VCBeat (WeChat Official Account: vcbeat) has learned that on March 11, 2019, Unmind, a mental health startup headquartered in London, UK, announced the completion of its £3 million Series A financing round. The round was led by Felix Capital, with participation from private investors Michael Whitfield and Chris Bruce. The funds raised will be used to develop an employee mental health support system.

Unmind is a B2B mental health company founded in September 2016, primarily providing psychological counseling tools and training for corporate employees. According to Unmind’s official website, the company has developed a digital system for mental health assessment and counseling. This digital system was co-developed by Unmind’s technical engineers in collaboration with renowned scholars and psychologists. It includes learning and assessment tools designed to help users focus on practicing psychological relaxation techniques within the system. The system also features an assessment and insights component that monitors changes in employees’ mental health over time. Additionally, through this system, users can access databases of relevant healthcare providers, facilitating timely contact with psychologists and medical professionals when needed.

According to Unmind’s official introduction, employee mental health primarily focuses on five key psychological states: occupational stress, job burnout, sense of career direction, organizational belonging, and interpersonal affinity. Understanding employees’ mental health status provides insight into workplace “ailments,” uncovering the underlying psychological causes behind their professional conditions. Through targeted relief and therapeutic interventions, employees can be helped to break free from work-related psychological anxiety and mitigate the psychological harm caused by stress.

“Psychological research indicates that the relationship between job performance and stress follows an inverted U-shaped curve. Moderate stress can foster positive work motivation and optimistic life goals, thereby enhancing work efficiency and life satisfaction; whereas excessive stress imposes significant negative impacts. So, how can we mitigate these adverse effects of stress and ensure employees maintain a healthy psychological state? This is precisely the challenge Unmind aims to address,” said Nick Tong, Co-founder and Chief Technology Officer of Unmind.

Antoine Nussenbaum, Partner at Felix Capital, stated, “In modern society, people are facing increasing work-related stress, and to varying degrees, many are experiencing mental health challenges. We are delighted to partner with the Unmind team to jointly address mental health issues arising in the workplace. Moving forward, we will continue to provide Unmind with the necessary financial support, and we are confident that Unmind will deliver substantial returns.”

Felix Capital is a venture capital firm founded in 2014 and headquartered in London, UK. It primarily invests in digital commerce, digital media, and the internet. The firm has invested in more than 30 companies, with over 40 investment transactions to date.

(Compiled by Hu Xuan)