MindLabs secures £2.6m in seed funding from PROfounders Capital to launch its live mental health platform.
The seed round was led by PROfounders Capital to support product development and team expansion.
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 £2.6m in seed funding to develop its live mental health platform and expand its team. The round was led by PROfounders Capital, with participation from Slack Fund, Jeremy Darroch, and existing backers Passion Capital and Seedcamp. This represents the company second funding intake within a year, arriving as demand for preventative mental health tools accelerates during remote working conditions.
The capital will be directed towards product enhancement and recruitment across engineering, marketing, and content roles in London and Berlin. The platform currently operates in beta ahead of a public launch in early 2022, providing live and on-demand classes hosted by wellness professionals.
From the founder
"We’re now seeing a huge rise in demand for preventative mental health solutions, especially as work from home isolation becomes the norm, and we’re drawing a lot of parallels with what happened in the digital fitness market. We’re excited to have the minds behind some of the biggest consumer and media businesses in the world helping us build the next big consumer brand in the mental health space. Our mission remains unchanged: we want to make the world a happier place by making looking after your mental health as normal as going to the gym."
Adnan Ebrahim
CEO at MindLabs
Investor perspective
"We back great teams solving massive consumer pain points. Mental health problems are unfortunately growing fast for this generation, but there’s also increased awareness of the problem. We believe that MindLabs can make a meaningful impact on helping train the mind."
Sean Seton-Rogers
Partner, PROfounders Capital
Use of funds
- 01Continue product development
- 02Grow the team
