Aditya Hadi Pratama · · 1 min readYC-backed mental health startup raises $2m in seed funding
MindFi, a Singapore-based mental health and wellness platform, has raised US$2 million in seed funding from M Venture Partners and Global Founders Capital, as well as from Carousell co-founder Marcus Tan, Carro executive Kenji Narushima, and Spin co-founder Derrick Ko.
MindFi founder and CEO Bjorn Lee / Photo credit: MindFi
Founded by Bjorn Lee in 2017, MindFi provides corporate employees with personalized mental health recommendations, self-care programs, and consultation sessions with coaches and therapists.
Since September last year, the firm said it has tripled its employees and increased annual revenue growth by 5x. MindFi added that usage of its app is 10x higher than traditional teletherapy services.
The startup currently operates in 20 countries in Asia Pacific, and it counts Visa, Willis Towers Watson, and Patsnap as its clients.
MindFi plans to use the fresh funding to localize its offering in key markets, accelerate product development, and make its services suitable to local cultural values.
In August 2021, the company raised US$750,000 from M Venture Partners, iGlobe Partners, and several angel investors. It was also admitted to Y Combinator’s summer batch last year.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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