ifeel, a Madrid, Spain-based provider of a mental health solution, raised $20M in Series B funding.
The round, which brought the total amount to $40M, was led by FinTLV Ventures and Korelya Capital, with participation from existing investors SCOR Ventures, Nauta and UNIQA Ventures.
The company intends to use the funds to grow its commercial engine across existing and new markets and to deepen its product and innovation capabilities in the mental health space.
Led by CEO Amir Kaplan, ifeel provides a solution for enterprises and insurance companies looking to save costs on risks associated with mental health. The company solves the resource allocation and mental health supply problem by utilizing an AI-powered diagnostic system and a modular mix of self-care, chat, and video therapy options for the end-user. Its products are clinically validated and backed by research.
Customers include insurance companies and large enterprises like Glovo, Insud Pharma, SCOR SE, Cabify, Travelperk, H&M, Wellhub, Thoughtworks..
FinSMEs
30/05/2024