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Berlin-based Likeminded raises additional €1.5M for digital mental health solution

Likeminded founders
Picture credits: Likeminded

Likeminded, Berlin-based B2B digital mental health startup, landed an additional €1.5 million in seed funding. This follows the €5.9 million it raised a few months back and brings the total funding closed in the seed round to €7.4 million.

The new capital comes from Berlin-based VC fund IBB Ventures and family office N & V Capital, which will use it to support Likeminded’s rapid growth and expansion.

Last month, Likeminded acquired Berlin-based startup whylab to position itself even more strongly in the mental health market.

Personalised B2B mental health solution

Founded by Maximilian Heberger, Kimberly Breuer, Stefan Anca and Josu García de Albizu in 2020, Likeminded intends to offer mental health support to as many people as possible with a digital solution.

Likeminded’s goal is to help companies create future-proof and sustainably successful teams. This is possible by providing personalised support for corporate employees and combat overwork and burnout.

The platform offers employees fast, easy, and secure access to various, high-quality mental health care formats such as individual sessions with psychotherapists, coaches, and psychologists, webinars, group sessions, on-demand content, and more.

“The global mental health crisis has reached the awareness of people, politicians and also companies at the latest due to the pandemic,” explained Ute Mercker, Investment Director at IBB Ventures. “Likeminded convinced us because its platform fits ideally into the new-work environment with home office, high personal responsibility and new leadership. With the current shortage of skilled workers, entrepreneurial success depends heavily on the health of employees.”

“Employees are a company’s most valuable asset. In today’s complex and uncertain world, Likeminded not only provides an essential support platform for companies and their teams, but also plays a crucial role in the competition for new talent,” emphasises Reto Näscher of N & V Capital. “I am convinced that Likeminded will become a leading platform in the field of mental health, not only in Germany, but also internationally.”

The goal is to help companies create future-proof and sustainably successful teams. “This additional funding will allow us to make our mental health solution available to even more people. Offering Likeminded to employees pays off in many cases for companies: Reduced sick days; increased productivity and strengthened employer branding,” said Maximilian Heberger, co-founder and co-CEO of Likeminded.

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