MindLabs secured £1.4 million in a pre-seed investment round led by Passion Capital, with participation from Seedcamp
MindLabs, a London, UK-based startup building a digital community business around mental health, announced securing funds of £1.4 million ($1.8M) in a pre-seed invetsment round.
The money was raised from UK-based investors, led by Passion Capital, with participation from Seedcamp, as well as angels Alex Chesterman OBE, Neil Hutchinson, Steve Pankhurst, James Hind and Jack Tang.
The pre-seed investment will be used to grow its engineering, video production and content teams.
MindLabs, founded in 2020 by CEO Adnan Ebrahim and Gabor Szedlak, aims to tackle the growing problem with mental health, under increased pressure as a result of the Coronavirus pandemic, which has seen depression double in British adults over the last 12 months. The platform, initially available as a mobile app launching next year, will combine live video from professionals in therapy, psychology and mindfulness with an online community and analytics allowing users to track their current levels of stress or relaxation. By allowing people to track progress using a range of sensors, including EEG, the app aims to help them rewire their minds through neuroplasticity, enabling strengthening of the neural pathways associated with being in a calm mental state.