MyMynd, the psychological health and fitness platform for workers, has gained £650,000 in pre-seed funding.
The funding came in from buyers like Triple Point Ventures and angel investors which include Andrew Nadin, Southeastern Grocer’s Main Purchaser and Digital Officer Maurice Abboudi, serial hospitality entrepreneur and trader on BBC 2’s ‘My Million Pound Menu’ and Will Jones, founder of on the internet bookshop Wordery.
MyMynd delivers staff with a electronic system by means of which they can accessibility mental health assessments based mostly on clinically validated instruments. These assessments help workers to get a detailed comprehension of their psychological overall health challenges and wellbeing, and end users are guided towards assets linked to their wants to boost their capacity to cope. The platform’s proprietary algorithm can detect people dealing with issues and MyMynd’s team of properly trained responders present even further steerage and aid.
Senior officers at the NHS Confederation and the Royal College of Psychiatrists not too long ago introduced that hundreds of thousands deal with a ‘second pandemic’ of psychological overall health challenges brought about by trauma, extended isolation, and fiscal pressure. The Mental Health Foundation, a psychological wellness charity, has believed mental health issues at present expenses the Uk financial system up to £100bn by means of lost productiveness.
MyMynd is already remaining made use of by the NHS, wherever workers have taken 8m psychological wellness ill days in the past 5 decades and report emotion “brutalised” by excessive workload. The psychological wellbeing system now has partnerships in spot with a quantity of NHS Trusts as nicely as departments inside NHS England & NHS Enhancement.
The enterprise was co-started by CEO Henry Majed, who is a Viewing Fellow at Skoll Centre for Social Entrepreneurship, Stated Company Faculty, (University of Oxford) and advisor to the Entire world Wellness Organisation (WHO) and Main Products Officer Leon Rodin, who has a management qualifications in the community sector, charity and EdTech.
The corporation also has an all-star advisory board which include Tim Golding, ex-Operations Director at Tesco Abishek Varadarajan, Solution Supervisor at Meta Saul Betmead de Chasteigner, previous CMO at the UN Planet Meals Programme Nicola McConnville, Associate at regulation company Taylor Vinters and Benjamin Chilcott, ex-Worldwide Government Board Director, Iris All over the world.
Majed reported: “Isolation and uncertainty have amplified a silent mental well being disaster in workforces throughout all sectors. Sadly, hundreds of thousands are more vulnerable, significantly less ready to cope and at larger risk of burnout.
“For companies, this is a challenging circumstance. How do you assist individuals without having being aware of who is struggling? How do we get in advance of mental health and fitness and wellbeing and intervene ahead of individuals access a crisis or target methods and support? MyMynd is transforming this: it is proactive, it is personalised, and it functions. What helps make us stand out is the scale of engagement and influence we’re by now possessing, with our consumers telling us that up to 70% of their personnel use our provider compared to 1% – 5% for other services”.
Chris Lascelles, Trader at Triple Position Ventures, claimed: “The psychological well being disaster in this article in the United kingdom is an significantly major problem. Sadly, it’s not been a person that businesses have been ready to solve with substantially achievements to day. That is why MyMynd is so thrilling: Their engagement figures are superb for this variety of software, which is a testomony to its efficiency. This is a genuinely objective-led company – and we imagine it has large possible.”
MyMynd strategies to use the money to grow its staff to aid expansion, satisfy desire, and scale its effect with staff throughout the Uk.
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