The funding round was led by abrdn with participation from international backers.
"We are extremely pleased to have been able to complete a round of this size during the turbulent crypto and traditional financial market conditions of the last few months. It is also fantastic to have such credible and strategic partner investors involved in the raise too – led by abrdn. We look forward to the next phase of the Archax journey as we scale up for launch and beyond with these partnerships in place."
DN Capital led the oversubscribed Series A round to support product rollout and market expansion.
"Our mental model is fundamentally different from traditional pet insurance. We are aligning all stakeholders to look in the same direction by helping people to take better care of their pets."
The oversubscribed Series A round was backed by angel investors and family offices.
"We are so excited to announce the successful closing of our £4.4 million funding round. This will further support our mission to become the world’s go-to solution for mental health and ultimately remove barriers to care for employees across the globe. From my own experience, I know how important it is for employees to have access to same-day, live, one-to-one video sessions across the entire mental health spectrum. The funds raised will help us significantly grow the platform and continue to ensure that no employee ever feels stuck, helpless or alone, keeping businesses thriving."
The seed round was led by AlbionVC with participation from Chalfen Ventures, Portfolio Ventures, Blue Lion Global, and Edenred Capital Partners.
"Our mission is to help companies build a learning culture so their people can unlock their true potential, and we have come a long way in a short period of time. We are building the first global learning superapp that companies of all sizes can use to upskill everyone, improve employee retention and drive innovation."
