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Atommerce, the operator of South Korean psychological healthcare platform Thoughts Cafe, has obtained 6 billion received ($4.8 million) in strategic funding from Lotte Healthcare and Samsung Enterprise Funding.
WHAT IT DOES
Launched in 2015, Thoughts Cafe claims to be the main psychological well being app in South Korea when it comes to month-to-month energetic customers, common keep time, variety of consultants, gross sales, and cumulative funding and company worth.
It has round 1.5 million customers accessing its on-line remedy providers. The app additionally gives an worker psychological well being advantages resolution for employers – over 190 establishments have availed of this bundle together with Samsung Electronics, Naver, Hyundai Heavy Industries, Toss, Musinsa Temple and Seoul Metropolis.
WHAT IT’S FOR
Atommerce has been securing investments for Thoughts Cafe with the aim to construct a psychological well being ecosystem, in response to CEO Kim Kyu-tae. Other than that, it is usually targeted on introducing extra telemental well being service choices, know-how R&D, and increasing abroad. Not too long ago, it launched a neighborhood service for its Japanese customers, which supplied 100 counselling posts per day throughout its beta run.
MARKET SNAPSHOT
Investments have been exhausting to return by in Asia-Pacific’s psychological well being area over the previous 12 months, however there had been some exceptions. Indian startups Lissun and heyy each obtained pre-seed funding final 12 months. Singapore-based MindFi, which focuses on company psychological well being and wellness, even raised $2 million in an oversubscribed seed funding spherical. One other Singaporean firm, Intellect, scored a further $10 million in Sequence A funding for its growth.
Atommerce’s newest funding adopted its Sequence B funding increase in January final 12 months the place it collected 20 billion received ($16 million). To this point, the corporate obtained 35 billion received ($28 million) in complete funding.
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