Warsaw’s Mindgram, which claims to be the “first European science-based platform and mobile app for complete mental wellness,” has raised €7 million in a seed round in an effort to further develop the platform and launch international expansion plans. The migratory mission includes stops first in Spain and Portugal, to be followed by other LATAM markets at a later date. Speaking of dates, to date, Mindgram has raised a total of €8.8 million.
According to a World Health Organisation report, “For every $1 put into scaled up treatment for common mental disorders, there is a return of $4 in improved health and productivity.”
Mindgram’s B2B play is aimed at companies who are seeking to support the overall well-being of their employees and offers a monthly subscription service that includes tailored psychological care in the areas of positive psychology, systemic psychotherapy, neuroscience, lifestyle medicine, or cognitive behavioral therapy.
The package also includes the option for employees to choose from a variety of workshops led by therapists, trainers, and coaches including mindfulness, relaxation training, meditation, and therapeutic programmes.
“Well-being of the team is nowadays a fundamental pillar for the development of any company. It's the new KPI of performance. With the mental distress epidemic we are facing in Europe and across the world, it's not enough to react to incidents,” explained Mindgram co-founder Jakub Zieliński. “Prevention is key to fighting anxiety and building engaged teams in the long term. Taking care of the employees’ emotions and well-being not only creates a better work environment. It helps you build a clear EVP, benefits the productivity of your team, reduces turnover and ultimately supports the company growth.”
Mindgram’s €7 million seed round was led by Credo Ventures with PortfoLion and Nunatak Capital participating, with existing investors Market One Capital and Pamoja Capital following on. Additional undisclosed angel investors also joined the round.
"The COVID-19 crisis and the war in Ukraine have accelerated public awareness of mental health issues in the workplace. While the US leads the way with employer-provided access to care and services, the rest of the world lags far behind. Mindgram has blown us away with its pace and quality of execution to remedy this issue, providing employers with a one-stop-shop solution adapted to patient journeys. The unmatched levels of traction among their customers' employee base is a testimony of the appetite for and effectiveness of what they have built,” commented Credo Ventures’ Guillaume Fournier.