Corporate online mental health support and well-being platform, Spectrum.Life, has raised €3m in fresh funding in a round led by Act Venture Capital.
“We were incredibly nimble over the course of the pandemic as the demand from employers in particular increased, as they knew this was a challenging time for their teams,” said Stephen Costello, CEO and Co-Founder of Spectrum.Life.
The money will be used to fund its rapid growth, driven by a significant increase in demand from employers, insurance companies and universities this year. Spectrum.Life plans to triple its research and development team to develop additional services to support its growth. It will also continue its expansion into the UK market and is also looking at other international markets in Europe, Asia, Australia and New Zealand.
Announcement: Spectrum.Life raises €3M for Workplace Mental Health