meQuilibrium, a Boston, MA-based online platform that promotes healthy behavior, raised a $9m Series B financing.
The round was led by Safeguard Scientifics (NYSE:SFE) with participation from Chrysalis Ventures and other investors. In conjunction with the funding, Gary J. Kurtzman, MD, Managing Director, Healthcare at Safeguard, will be joining meQuilibrium’s board of directors.
The company intends to use the funds to accelerate sales and marketing, and expand product development.
Led by Jan Bruce, CEO, meQuilibrium offers an individualized, online stress management program based on building resilience (defined as the capacity to rebound or bounce back from adversity, conflict, failure and also positive events, progress and increased responsibility).
Designed for mobile and desktop use and based on research at the University of Pennsylvania, it provides a software-as-a-service (SaaS) platform that guides users through a journey that begins with a personalized assessment to a long-term roadmap focused on critical skills to boost resilience. Additionally, aggregated intelligence from the meQuilibrium crowd generates metrics and insights on workforce well-being that can inform human capital strategies and decision-making.
It is currently used by large employers, including Comcast, HP, Grant Thornton, Nemours and Meredith.