Funding

ifeel funding news – Madrid-based ifeel Secures $20Million in Series B Round Funding

May 30, 2024 | By Startup Rise EU

ifeel , a provider of a mental health solution secures $20million in series B round funding. FinTLV Ventures and Korelya Capital led the $40 million round, in which current investors SCOR Ventures, Nauta, and UNIQA Ventures also participated.

SUMMARY

ifeel , a provider of a mental health solution secures $20million in series B round funding.
FinTLV Ventures and Korelya Capital led the $40 million round, in which current investors SCOR Ventures, Nauta, and UNIQA Ventures also participated.

The company plans to improve its product and innovation skills in the mental health arena and expand its commercial engine across current and new markets with the cash.

Under the direction of CEO Amir Kaplan, ifeel offers insurance companies and businesses a way to reduce expenses related to risks related to mental health.

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The startup uses an AI-powered diagnosis system and a modular mix of self-care, chat, and video treatment alternatives for the end-user to solve the problems of resource allocation and mental health supply. Research supports its products and they have been clinically validated.

Insurance firms and major corporations such as Glovo, Insud Pharma, SCOR SE, Cabify, Travelperk, H&M, Wellhub, Thoughtworks are among the clientele.

About Ifeel

Ifeel is a distinctive, all-inclusive, and expandable solution that leverages data to give you a comprehensive picture of your workers' mental health, encourage personal development, and direct businesses towards developing a culture that values mental health.