Moodbeam secures £450k in seed funding from Mercia to support workplace wellbeing technology
The Hull-based healthtech start-up secured the backing from Mercia via the Northern Powerhouse Investment Fund.
Moodbeam manufactures wearable mental wellbeing devices that help organisations and individuals track emotional health. The firm provides real-time insights to support remote staff and business leaders through data-driven monitoring.
Healthtech start-up Moodbeam has secured £450k in seed investment from Mercia through the Northern Powerhouse Investment Fund. The capital follows previous funding rounds totalling £450k raised since the company's inception. The business has experienced increased demand for its workplace wellbeing technology during the COVID-19 pandemic, helping employers maintain contact with distributed teams.
Use of funds
- 01Continue product development
- 02Grow the team
Investors
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About the company
Moodbeam
Moodbeam produces wearable devices designed to track and monitor emotional wellbeing.