Wellin5, which offers virtual counseling and therapy tools for Canadians, scored $2 million in seed funding.
Online counseling and therapy platform Wellin5 connects users with a counselor via video therapy, email or text chat. The therapist then provides customized therapy plans for users.
WHAT IT'S FOR
The new investment will help the company grow its team by 300% by 2023 and expand its reach...
Meditation app Calm revealed a new mental health product that will be offered through traditional healthcare industry players like providers, payers and self-insured employers.
The company said the offering, dubbed Calm Health, will include condition-specific programs that are "designed to bridge the gap between mental and physical healthcare." Calm Health will also include tools for...
Calif.-based startup Curative offers COVID-19 testing and vaccination services throughout the U.S., but as testing needs have lessened, the company is shifting its focus to launching a new health plan.
Due to the course change, the company is laying off 109 employees in early November.
The company filed a Worker Adjustment and Retraining Notification Act notice with the state of California. WARN...
Calm, the company behind the meditation, stress and sleep app, has laid off 20% of its staff, according to a memo sent to employees on Thursday.
The Wall Street Journal reported that about 90 workers lost their jobs, and that Calm employed about 400 people. The memo from CEO David Ko said the company is "not immune to the impacts of the current economic environment."
"We did not come to this...
Stress and wellness app Calm announced Wednesday it has acquired Ripple Health Group, a health tech company that makes apps for care coordination and condition management.
As part of the deal, Ripple CEO David Ko will join Calm as co-CEO alongside Michael Acton Smith. Calm cofounder and co-CEO Alex Tew will become executive chairman.
Ripple's current apps include CareMemo, which allows patients...
Digital meditation app Calm landed a $75 million in Series C funding, pushing up the company’s valuation to $2 billion. Lightspeed Venture Partners led the round with participation from TPG, Insight Venture Partners, Marc Benioff and funds managed by Goldman Sachs Asset Management.
This news come a little over a year after the company announced a $113 million Series B raise.
WHAT IT DOES
The...
Employer mental health benefits provider Lyra Health has inked a strategic partnership with stress and wellness app Calm, the companies announced Tuesday. With the deal, Lyra's customers may choose to offer Calm's app and digital programs to their employees. Existing Lyra members with mild mental health issues such as stress will have the Calm app recommended. It will be available for direct...
Mental health and wellness app use has been on the rise during the past few months of COVID-19, but new quarantines and disease concerns may not be fueling the spike in new users or other metrics.
According to a recent data report from Apptopia, increases among the 15 most popular of these apps have been in lockstep with the gradual trend of rising engagement that the mobile app market-...
As cases of COVID-19 around the world increase, it is not only people’s physical health which is under threat.
Uncertainty, constant news and social isolation can trigger anxiety for many, especially those with pre-existing mental health conditions.
Stephen Buckley, head of information at UK Mind, said the pandemic is “causing people a lot of concern and media coverage might play a role in...
Investment into mental health technology has boomed, reaching £580 million in 2019, according to a study by early stage investor Octopus Ventures.
The research, based on analysis of the latest Pitchbook data, shows an almost five-fold increase in mental health tech investment in the last six years, rising from £120 million in 2014.
Octopus says this trend is down to corporates increasingly...
