Circles, a Tel Aviv, Israel-based emotional support platform, raised $8m in seed funding.
The round was led by NFX and Flint Capital with participation from Sir Ronald Cohen, Jeff Swartz and others.
Circles was founded in 2020 by Irad Eichler and Dan Landa, Circles leverages proprietary technology and the expertise of a leadership team that specializes in mental wellbeing to enable meaningful connections and establish supportive communities that are led by professional facilitators and built on mutual care. The platform matches groups of 6-8 people who are facing similar issues in their lives (such as grief, relationships and separation or divorce) in intimate and private emotional support sessions where they can be understood.
Circles groups meet live for 60-minute video meetings and also have the ability to message via online chat at any time. Users can also access personalized content, including self-help exercises, blogs and webinars, all at no extra cost.
Months after its soft launch, the platform has matched thousands of people facing similar challenges and facilitated more than 100,000 hours of support.
The company intends to use the funds to expand into new support services for people struggling with other personal challenges, including LGBTQ issues and those suffering with disease or caring for a sick loved one.
FinSMEs
17/08/2021