Wysa, a digital platform for mental health, raised $20 million in a new funding round on Thursday led by HealthQuad, along with participation from British International Investment (BII). Existing investors W Health Ventures, Kae Capital, Google Assistant Investments, and pi Ventures, among others, also participated in the round.
The company will use the capital to further expand in the US, UK, India and other global markets through businesses and healthcare providers, as well as enhance broader usability through multilingual support and easier access. easy via WhatsApp.
Founded in 2015 by Jo Aggarwal and Ramakant Vempati, Wysa is an automated mental health support app, available to individuals as well as employer benefit programs and healthcare services. The company supports people with the help of an “emotionally intelligent” conversational agent that guides users through evidence-based cognitive-behavioral techniques (CBT), meditation, breathing and mindfulness exercises, as well as micro-actions to help to develop mental resilience skills.
For employers, Wysa offers a workplace solution that meets the full spectrum of behavioral health needs. This solution integrates with existing company benefits, such as Employee Assistance Programs (EAPs) or external healthcare provider networks, and can be customized by geography or cohort. Currently, Wysa claims to have facilitated more than 400 million conversations with 4.5 million users in 65 countries.
“Wysa has not only been extremely successful as a consumer wellness platform, but has also become a powerful, clinically validated tool for proactively managing mental health and wellness. Whether that means a little help with occasional workplace stress, to dealing with debilitating pain, depression and anxiety, Wysa meets people where they are. With this funding, we hope to expand further and help millions more people,” Ramakant Vempati, co-founder of Wysa, said in a statement.
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘444470064056909’);
fbq(‘track’, ‘PageView’);
.
