Online mental health platform, Togetherall, has secured a $10 million growth investment.
According to the company, the platform provides a clinically managed online peer-to-peer community to support mental health problems: struggling with stress, isolation, anxiety, depression, and other common mental health issues.
Software and services growth investor FPE Capital (FPE) led the funding round with participation from Impact Ventures UK (IVUK).
“FPE is delighted to have completed this exciting growth investment into Togetherall,” said Henry Sallitt, Co-founder & Managing Partner at FPE, “this is an organization that combines a successful SaaS business model with real purpose and social impact. We look forward to working with Henry and the team to support their growth ambitions”.
Launched in 2007, the company has helped over a quarter of a million members (throughout the UK, New Zealand, Canada, and the US ) and nearly 90,000 individuals in the last 12 months. According to the company, its population-based solution provides mental health support for all; the platform allows people with mild to moderate mental health conditions to speak anonymously to their peers about their feelings and experiences.
Henry Jones, Togetherall CEO, said: “Togetherall’s goal is to build a global business giving as many people as possible a safe, online community where they can offer and receive support at times of anxiety and isolation. Partnering with FPE, such an experienced technology investor, is a huge boost to our ambitious plans for the growth of our impact.”
According to Mercom funding data, digital mental care startups have raised almost $1 billion in the past five years. More recently, Mindstrong, a digital mental health consultation platform, raised $100 million in Series C funding. The company plans to use the new capital to scale its virtual mental healthcare and digital symptom measurement offering. Mindstrong has raised over $150 million since its inception in 2014. Learn More