french startup mocha.care has raised a new round of Series A financing of 16 million dollars (15 million euros). The company focuses on mental wellness in the workplace. It offers a complete service that is between the employees and the human resources departments.
Left Lane Capital leads today’s funding round. existing investor Singular is participating once again. venture capital firm origins (co-founded by Blaise Matudi, Ilan Abehassera and Salomon Aiach) and Antoine Griezmann are investing in the company for the first time.
When people feel depressed, they often mention work as an ongoing problem. This is why mental health is becoming a key issue for companies of all sizes and industries. And there are many reasons why that is the case.
First of all, companies want to create a positive company culture for their employees. But buying a pool table and displaying inspirational posters on the walls just isn’t enough. Employees want to know that they can seek help when they need it.
Providing moka.care as an employee benefit means that you care about the mental well-being of your employees. It is both a good sign and a good advantage.
Second, employees who feel engaged at work tend to be more productive and stay longer. Making mental wellness a priority is common sense, but it also makes good business sense.
In some industries, like the tech industry, it has become quite difficult to recruit new employees for specific roles. This is why improving employee retention has become an important metric for human resources departments.
The result is moka.care, a service that aims to align everyone’s interests. If you want to talk about your mental health, the hardest step is the first one. Therefore, billing is based on usage, which means that the startup generates more revenue if people find the service useful and interact with it. That’s also why the startup wants to make it as easy as possible to interact with its service.
moka.care can be used to access self-service mental health content. But employees can also use the service for personalized attention.
When employees first contact moka.care, the company’s team of psychologists help them understand their personal situation. The startup can send you some recommendations of professionals who work with the platform: it can be a psychologist, a certified trainer or a licensed therapist.
After that, you can talk to a mental health professional in person or remotely. Depending on your company’s moka.care contract, some sessions will be free and you can start paying if it becomes a regular treatment.
Human resources departments cannot spy on their employees. But they get a dashboard with various metrics, which help them take the pulse of the business. moka.care also offers group sessions for managers and leaders so they can improve their knowledge of mental wellness.
So far, 100 companies have signed up for the service, which means that 15,000 employees can access moka.care. Some clients include Spendesk, Qonto, ManoMano, RipCurl, Volcom, L’Oréal and Engie. With today’s funding round, the company plans to iterate on its product and expand into new European markets.
