Wysa, a global AI-powered mental health platform, announced a $5.5M Series A financing round led by W Health Ventures, a Boston-based digital health investor. Others participating in the round include the Google Assistant Investment program, and existing investors pi Ventures and Kae Capital. Wysa will use this capital to support its offering to employers who want to expand their mental health benefits, as well as scale up Wysa’s sales team and therapist network.
“When organisations roll out Wysa, what surprises them is the insight they get about usage, while still maintaining employee privacy. For example, most people start with group meditations or sleep routines, and about 30-40% need help with negative thoughts and emotions,” said Wysa co-founder and CEO Jo Aggarwal. “For the first time, employers use data to understand how the mental wellbeing of their employees is constantly changing, and how it compares against benchmarks. Today, every employer is looking for a solution that goes beyond traditional EAP. This investment allows us to bring the next generation of workforce wellbeing solutions to organizations across the country.”