ifeel Raises €10 Million in Series A

by Kay Aloha Villamor in December 6th, 2022

 ifeel, a Madrid, Spain-based global emotional well-being service for companies that combines artificial intelligence with individual therapy sessions with psychologists, raised €10 million in Series A funding.

The round was led by UNIQA Ventures, with participation from Nauta Capital and others. This round brings the total raised by ifeel to €18 million since its inception.

This funding will be used to expand the business into new markets, introduce new products, and increase sales capabilities.

"Health requires a balance between what goes on at work and outside of it. For us, there is no strict division between professional and personal life; everything is personal. We firmly believe that work should not be a reason to interrupt taking care of our well-being. On the contrary: it should be a space where we are well and can thrive at different levels. From this point on, our goal is to help companies integrate this mindset into their corporate culture," said ifeel's CEO Amir Kaplan. 

ifeel uses AI to provide care for people's psychological well-being. The service is available in 21 languages, has more than 600 psychologists on board across 23 countries, and has been used by more than 800,000 individuals worldwide. In the past financial year, ifeel recorded a growth rate of 200%. 

ifeel used by AXA Partners, SCOR SE, Glovo, Travelperk, Gympass, Thoughtworks, González Byass amongst others.

Company: Digital Mind Solutions, S.L.

Raised: €10.0M

Round: Series A

Funding Month: November 2022

Lead Investors: UNIQA Ventures

Additional Investors: Nauta Capital

Company Website: https://ifeelonline.com/

Software Category: AI-Online Psychological Therapy 

About the Company: Founded in 2017, ifeel is a leading emotional well-being service for companies and employees. It has one mission to increase access to mental health care through digital channels. ifeel offers corporations an annual emotional support plan, combining prevention, monitoring, and individual exercises with specialized therapists. In addition, HR professionals receive advice and information about the team based on aggregate and anonymous data on the main psychosocial risk factors that can affect them and resources to prevent them. Ifeel has combined data analytics and clinical research by psychologists on its platform to provide employees with a new way to manage their emotional well-being, from self-care to therapy sessions. One of the latest tools built into the platform is its monthly check-up, or Ryff's Emotional Wellbeing Index developed in collaboration with the University of Wisconsin-Madison, Professor Carol Ryff.

Source: Claudia Urquiola- Head of Marketing & Communications of Nauta Capital




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