MindPeers, a Singapore-based AI-powered gamified mental fitness platform, raised $500,000 in seed funding from Venture Catalysts.
Other participants in the round included Goodwater Capital, Magic Fund, Ministry of Electronic and IT, a strategic investor from the gaming industry along with others.
"There has been so much on the funding winter but mental health space in Asia has fought this from decades. Finally as the demand to be mentally fit has increased, awareness on how critical our minds are for high performance, mental healthcare is seeing its daylight. We at MindPeers want to lead the adoption of mental fitness from a scientific perspective and make it an integral part of everyday routines. We are proudly made in India for the world," said Kanika Agarwal, CEO, MindPeers.
The company's app integrates mental fitness and biomarkers and leverages digital tools to promote mental well-being and for improving overall performance.
Company: Mindpeers India Private Limited
Raised: $.50K
Round: Seed Round
Funding Month: January 2023
Lead Investors: Venture Catalysts
Additional Investors: Goodwater Capital, Magic Fund, and Ministry of Electronic and IT
Company Website: https://mindpeers.co/
Software Category: Mental Strength Platform
About the Company: Founded by Kanika Agarwal and Sahil Chitkara, MindPeers is a Software-as-a-Service (SaaS) company that provides an app that measures mental fitness and finds correlations between mental health and biomarkers. MindPeers combines technological empathy and human expertise to provide science-backed interventions and personalized modules, setting a new industry standard in behavioral health care for businesses. The company offers a mental health self-care platform that features self-assessment tools to track mood and emotional patterns. The platform connects with mental health trainers, clinical psychologists, and psychiatrists, enabling users and companies with a standardized treatment of mental disorders with measurable data outcomes to track progress for employees and consumers.
Source: https://www.entrepreneur.com/en-in/news-and-trends/mindpeers-raises-500000-seed-funding-from-venture/442504