Spectrum.Life, a provider of corporate mental health and wellness support and assistance programs for employers, employees and insurers, raised an additional €5 million in equity funding.
Act Venture Capital led the round with participation from existing and new investors. The startup plans to use the new funds to further grow and expand its digital mental health and wellness offerings, which already support over 4 million users across 2500 clients in the UK and Ireland.
“Our goal is to make mental health and wellbeing support accessible to everyone, and this funding will allow us to bring our game-changing solutions to even more individuals and organizations,” said Stephen Costello, CEO of Spectrum.Life.
Digital health startups providing mental health therapies have raised more than $5 billion in funding to date, according to our funding database.
The latest funding rounds in the mental health care space include:
Sukoon Health, a provider of virtual mental health therapy, raised $15 million in a funding round led by Lightrock.
Healios, an online mental health therapy platform that connects patients with mental health professionals in the United Kingdom, closed £14 million in a new funding round led by AlbionVC and InHealth Ventures, with participation from Autism Impact Fund.
InStride Health, a virtual mental health treatment provider for children and adolescents struggling with moderate to severe anxiety and obsessive-compulsive disorder, raised $26 million in funding from .406 Ventures, Valtruis, and Mass General Brigham Ventures.
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