PsycApps raises £1.5m in seed funding led by Morningside Ventures to scale its mental health platform.
Morningside Ventures led the seed investment to help PsycApps expand its team and further develop its mental health game, eQuoo.
PsycApps develops digital mental health interventions and games designed to improve resilience and well-being among teenagers and young adults. Based in London, the company creates evidence-based tools utilised within the education sector.
PsycApps has secured £1.5m in a seed funding round led by Morningside Ventures. The capital will be directed towards team expansion and accelerating the development of the company's mental health platform. The investment follows growing institutional demand for student mental health tools, particularly following regulatory requirements for resilience programmes in UK education.
From the founder
"After working in an NHS priory, I realised that my clients were reaching me way too late – often after six months on a waitlist and years after experiencing the first symptoms. I wanted to find a way to give them the skill set they needed before they needed it. If a student drops out of their course due to mental health issues, it will change their lives in a way that hurts them and society. With eQuoo we give young adults a tool that helps them grow mentally, stay mentally healthy and get help if they’re experiencing issues."
Silja Litvin
Co-Founder and CEO at PsycApps
Investor perspective
"Digital health interventions will be critical in how our society addresses the second, ongoing pandemic of mental health issues. However, designing these interventions to maximize long-term engagement and outcomes will be critical to making a difference. Silja and her team have shown robust engagement and outcomes data in large clinical studies, and we are proud to partner with them to bring eQuoo to people in need everywhere."
Stephen Bruso
Digital Health and BioTech Partner, Morningside Ventures
Use of funds
- 01Grow the team
- 02Continue product development