Psychological Technologies raises over £1.7m in seed follow-on funding supported by Angel Investment Network
The capital will be used to expand the team, build out content, and launch a new multibook platform.
Psychological Technologies turns self-development books into digital, action-based mobile applications to foster personal growth. The company previously launched an initial product based on The Anxiety Solution.
Wellbeing startup Psychological Technologies has secured over £1.7m in a seed follow-on investment supported by Angel Investment Network. The capital will enable the business to expand its full-time team, produce additional content, and launch a multibook platform featuring prominent authors.
The firm previously gained traction with an introductory mobile application based on The Anxiety Solution, which received strong user ratings. Building on this initial success, the company is collaborating with bestselling writers such as Adam Grant and Dan Pink, several of whom have also contributed financial backing to the venture.
From the founder
"Whether you want to become a better leader, better sleeper or reduce your anxiety, we all want to improve our lives. However we discovered the self-development market fails to deliver, not because the advice isn't good, but because information isn't enough. Our platform enables us to deliver interactive practices through mobile, so people can access tools to help them the moment they need them, whatever the situation. We have been thrilled with the support we have received from investors and some of the biggest self-development authors in the world as we look to scale our offering."
Nick Begley
CEO at Psychological Technologies
Investor perspective
"This is a brilliantly observed gap in the market for the millions across the globe interested in self-development. As well as being a winning idea, the team has the most impeccable credentials with Nick having been at the forefront of one of the best known and life changing apps ever developed. With a team of world class advisors and so many authors already signed up, we saw huge interest from our investor database who spotted the potential of the business."
Ed Stephens
Global Head of Brokerage, Angel Investment Network
Use of funds
- 01Grow the team
- 02Continue product development
Investors
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About the company
Psychological Technologies
Psychological Technologies turns self-development books into actionable digital summaries.