Unmind raises 33.2m in Series B funding led by EQT Ventures to scale operations
EQT Ventures led the Series B round, which will fund team expansion and product development.
Unmind provides a workplace mental health platform designed to help organisations proactively measure and improve employee wellbeing. The digital service offers tools spanning seven core areas including sleep, coping, and calmness.
Unmind has secured 33.2m in Series B funding to scale its team and expand international operations. The investment round was led by EQT Ventures, with participation from Sapphire Ventures and existing backers Project A, Felix Capital, and True.
The capital injection follows a period of heightened demand for corporate mental health solutions as employers respond to workplace wellbeing challenges brought on by the pandemic. Unmind plans to use the funds to grow its headcount and further develop its platform features and content.
From the founder
"Unmind was built on the belief that everyone has the right to a healthy mind. Thanks to the support from our investors, this round of funding gives us the opportunity to scale our team while further developing the product with clinically-backed insights and research. In turn, this will help us to meet growing global demand from employers looking to drive positive cultural change around mental health in the workplace. At Unmind, we see the future of mental healthcare rooted in prevention. After all, we all have mental health, all of the time, and just like physical health or dental health, there’s a range of ways we can proactively nurture and improve it."
Nick Taylor
Clinical Psychologist, Co-founder and CEO at Unmind
Investor perspective
"It is now universally recognized that our Mental Health is as important if not more important than our physical health – but has long been neglected. That is now changing rapidly. As a result there has been a massive rise in the popularity of consumer mental health apps which is now being matched by surging demand from employers and employees for the same in the workplace. Unmind is the leading mental health app for the enterprise and we are so excited to work with Dr Nick and the team to support their scaling globally. Along with our investment EQT Ventures is delighted to announce the rollout of Unmind across the whole EQT group and look forward to rolling it out across our many hundreds of portfolio companies in the near future."
Alastair Mitchell
Partner, EQT Ventures
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
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About the company
Unmind
Unmind provides a digital workplace mental health platform for global organisations.