MindFi Raises $2M for Mental Health App

Mental wellness startup MindFi announced it has closed an oversubscribed $2 million seed round, with participation from returning investors M Venture Partners and Global Founders Capital. Angel investors included Carousell co-founder Marcus Tan, Carro executive Kenji Narushima and Spin co-founder Derrick Ko.

The MindFi app contains self-directed mental wellness programs, community forums, group therapy and an AI-based matching system for coaches and therapists. Users’ profiles aggregate data from MindFi with information from their fitness wearables, including sleep, heart rate and daily activity.

The seed funding will be used to accelerate the development of its AI engine, advance the integration of physiological data from wearables to MindFi’s mental health data and work with local experts to create in-app programs in its key APAC markets.

Announcement: MindFi Raises $2M for Mental Health App