MindLabs secures £1.4m in pre-seed funding led by Passion Capital to launch its live mental health platform.
Passion Capital led the pre-seed round with backing from Seedcamp and notable tech founders.
MindLabs operates a live digital platform for mental health and preventative wellness. The application offers daily video sessions and on-demand classes led by qualified experts.
MindLabs has secured £1.4m in pre-seed funding led by Passion Capital. The round included participation from Seedcamp and several prominent technology entrepreneurs including the founders of Cazoo, Zoopla, Urban and Carwow. The capital will be deployed to expand the company engineering, video production and content teams as it prepares to launch its mobile application.
The London-based business was established by media entrepreneurs Adnan Ebrahim and Gabor Szedlak, who previously built and exited Car Throttle. Their new venture arrives amidst heightened demand for mental health support driven by the coronavirus pandemic.
From the founder
"Having run a media company in a tough market with a young, millennial workforce, we witnessed first-hand how there was a complete lack of investment in helping this generation with their mental health in a way that they’re used to: a community product that is mobile-first and video-led. We want to make the world a happier place by making working on your mental health as normal as going to the gym."
Adnan Ebrahim
CEO at MindLabs
Investor perspective
"We’re incredibly excited to be working with MindLabs as they transform the way we look after our minds. Mindfulness is more important now than ever and we know that Adnan and Gabor’s commitment to best in class content, quality production and unparalleled user experience means they’re the best to bring this platform to market."
Eileen Burbidge
Partner, Passion Capital
Use of funds
- 01Grow the team
- 02Continue product development
