Syndi Health, a provider of virtual employee emotional healthcare and well-being services, raised £1.65 million ($2 million) in funding.
The startup intends to use the seed funding to build its platform, grow its headcount, and strike up more customer accounts in the business-to-business sector.
The seed round was oversubscribed and included funds from ex-AXA Global Health CEO Damien Marmion, DataTiger founders Phil Mohr and Puli Liyanagama, and renowned UK policy adviser Baron O’Shaughnessy.
Also taking part in seed round are Plug and Play, Remus Capital, Neo Kuma Ventures, Founders Factory and Syndicate Room’s Access Fund, and other angel investors: Roland Rudd, David Giampaolo, Jacob Haddad, and Stephen Bourke.
Commenting on the funding news, Ben Lakey, the co-founder of Syndi Health, said: “We began Syndi Health knowing that we didn’t want to add more noise in the digital health market.” “Instead, we wanted to help healthcare organizations and insurers offer people a way to forge their own clear and safe path to digital care.”
Syndi Health was launched in November 2020 and had initially tailored its service to student well-being soon, it had onboarded more than 20,000 educational users in the UK and the US. That early foothold allowed the founders to dream even bigger, and the company is now targeting employers, healthcare providers, and insurers. It recently secured an agreement to run a pilot test supporting employees via one of the UK’s leading healthcare charities.
Digital health startups providing employee wellness services have raised more than $3 billion in funding to date, according to our funding database. More recently, Cuéntame, a provider of digital mental health and wellness programs for employees, raised $1.1 million in pre-seed funding led by Impacta VC with participation from Colectivo Jaguara, 99 Startups, Fondation Botnar & New Ventures, Pareto20, and Investo VC. In another round, MindFi, a provider of corporate mental health and wellness programs, raised $2 million in seed funding from Global Founders Capital and M Venture Partners.