MindLabs eyes to launch world’s first live mental health platform in Q1 2022, raises £2.5M funding

The world’s first live mental health platform based in London, MindLabs, has raised $3.5 million (nearly £2.5 million) in a seed funding round. The investment came from PROfounders Capital, Slack Fund, the executive chairman and ex-CEO of Sky Jeremy Darroch, and existing investors Seedcamp and Passion Capital.

This seed investment is the second financing round raised by MindLabs and it comes ahead of World Mental Health Day 2021, which is celebrated on October 10 led by PROfounders Capital, the first investors in GetYourGuide and MADE.com. This round comes 11 months after the pre-seed funding round led by Passion Capital along with Seedcamp, and Cazoo founder Alex Chesterman.

MindLabs intends to use the funds to double its investment in product and is actively hiring roles across Engineering, Product, Marketing and Content teams in London and Berlin.

Sean Seton-Rogers, Partner at PROfounders Capital, said: “We back great teams solving massive consumer pain points. Mental health problems are unfortunately growing fast for this generation, but there’s also increased awareness of the problem. We believe that MindLabs can make a meaningful impact on helping train the mind.”

Jason Spinell, Head of Slack Fund, said: “At the Slack Fund, we’re wholly committed to investing in founders who are driving the future of work and building solutions that make work life simpler, more pleasant, and more productive for people everywhere. MindLabs directly addresses this by
providing a means for people increasingly affected by changes to working patterns and hybrid or remote working to look after their mental wellness with leading experts and quantitative analysis to track wellness over time.”

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