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Uwill, a psychological well being platform for faculties and college students, accomplished a $30 million Sequence A funding spherical led by Schooling Progress Companions.
WHAT THEY DO
The corporate companions with faculties to supply college students on-demand digital entry to licensed therapists and suppliers skilled in disaster counseling. College students may also attend on-line wellness occasions by the corporate’s psychological well being and wellness app.
The Sequence A funds shall be used to scale the corporate’s progress and platform.
“We have now been significantly impressed by the corporate’s capacity to work collaboratively with school leaders and present psychological well being help to fill unmet wants on campus. Uwill’s resolution gives excessive worth to schools and, most significantly, to college students at a time when psychological well being is of paramount significance,” Andy Kaplan, managing normal associate at EGP, stated in an announcement. “The astounding affect and progress that Uwill has achieved in a brief time frame can’t be overstated.”
MARKET SNAPSHOT
A latest survey discovered greater than 60% of students met the factors for a number of psychological well being issues in 2020 and 2021, a virtually 50% enhance from 2013.
In 2020, Uwill garnered a $3.25 million investment led by rapper Darryl McDaniels of Run-DMC and a 12 months later accomplished its angel funding round of $5.2 million. The corporate touts itself as having since constructed relationships with greater than 150 faculties.
One other firm offering greater schooling establishments and college students with psychological well being providers is Mantra Well being, which introduced a $5 million raise in March.
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