MindFi, a Singapore-based corporate health and wellness platform, raised SG$ 1 million ($750,000) in pre-Seed funding.
The investing round was participated by venture capital firms iGlobe Partners, M Venture Partners, as well as angel investors like Singaporean businessman Koh Boon Hwee; Jeffery Tiong, CEO of innovation intelligence platform developer PatSnap; and live chat platform Zopim co-founder Lim Qing Ru, among others.
MindFi intends to use its fresh funds to hasten its product development and localization for key Asian markets. It also aims to build the region's "largest culturally competent team of mental health experts, innovators and researchers".
Company: MindFi
Raises: $750.0K
Round: pre-Seed
Funding Month: August 2021
Lead Investors: iGlobe Partners
Additional Investors: M Venture Partners, Koh Boon Hwee, Jeffery Tiong, and Lim Qing Ru
Company Website: http://www.mindfi.co/
Software Category: Health and wellness platform
About the Company: Launched in 2017, MindFi started by offering free and subscription-based membership plans that provide mindfulness exercises and cognitive behavioral therapy programs. Initially a consumer-focused business, it later forayed into the corporate health and wellness space. According to a press statement, the MindFi recommendations – inspired by the World Health Organization's Well-being Index (WHO-5) – are developed through a proprietary AI algorithm that creates a user's unique psychometric profile. Accuracy is further enhanced by recording users' daily steps, sleep, mood, breathing, and heart rates. Available on both iOS and Android devices, the mobile app now caters to corporate clients, delivering personalized recommendations, 24/7 guided self-care programs, and intelligent matching with coaches and therapists.
Source: https://www.mobihealthnews.com/news/asia/corporate-mental-health-platform-mindfi-bags-750000-pre-seed-round