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nilo.health raises $8M to make mental health easily accessible for all

nilo.health founders
Image credits: nilo.health

Berlin and Munich-based workplace mental wellness platform, nilo.health, has raised $8 million in funding. The investment round was led by Speedinvest that recently invested in Timberhub, Bliq, and Lollipop.

European expansion plans

The round saw participation from PROfounders Capital, Vorwerk Ventures and pre-seed investor Atlantic Labs and angel investors, including Thomas Buberl, Hanno Renner, Jonas Rieke, Oliver Manojlovic and Michael Wax.

nilo.health will use the proceeds of this round to fuel the next phase of its expansion across Europe. The mental health wellness platform will also expand its global provider network from 22 languages ​​to over 40 languages.

Jonas Keil, co-founder of nilo.health, said: “We all face physical health issues at some point in our lives in the form of illness or injury. The same is true for our mental health. Yet it is not acceptable for people to talk about it. The current system makes proactive prevention difficult and obtaining treatment extremely difficult. Our goal is to remove the stigma and give people exactly the support they need to work through their challenges.

“In the years to come, in addition to offering physical health benefits like Gympass or Urban Sports Club, mental health services will absolutely become the norm for every business,” added Ines Räth, co-founder of nilo. health.

“Companies must respond to the ever-increasing absences and costs related to mental health. Through its holistic and proactive approach to mental health, the startup helps companies build a stronger and more resilient workforce,” said Mathias Ockenfels, Partner at Speedinvest.

Mental health support made accessible

Reportedly, 200 million workdays are lost each year due to mental health issues. Despite this fact, mental health remains a taboo. Nearly 60% of employees do not talk to anyone at work about their mental health condition. With the numbers becoming more alarming by the day, employers are increasingly recognising the need to provide better mental health support to retain talent and mitigate the impact of mental health-related absences.

Founded in 2019 by Ines Räth, Catalina Turlea and Jonas Keil, the German startup nilo.health makes high-quality mental health support easily accessible to everyone to enable employers to effectively deliver mental health services as a workplace benefit.

It supports individual sessions with psychologists to group sessions to self-guided digital tools. Currently, it serves more than 120 customers worldwide, including TIER Mobility, Westwing, Scholz & Friends, and Altium.

What does nilo.health do?

nilo.health supports the entire workforce and its counselors, therapists, and digital content are easily accessible in one platform. The platform empowers employees with 1on1 counseling sessions and evidence-based digital training and tools to proactively improve their mental well-being.

The goal of this company is to break down barriers to mental health support and empower people to proactively work on their mental well-being. nilo.health lets users manage anxiety, sleep better and deal effectively with stress. Also, its monthly well-being assessment helps users track their well-being.

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