Atommerce, the operator of South Korean psychological healthcare platform Thoughts Cafe, has acquired 6 billion gained ($4.8 million) in strategic funding from Lotte Healthcare and Samsung Enterprise Funding.
WHAT IT DOES
Launched in 2015, Thoughts Cafe claims to be the main psychological well being app in South Korea when it comes to month-to-month energetic customers, common keep time, variety of specialists, gross sales, and cumulative funding and company worth.
It has round 1.5 million customers accessing its on-line remedy companies. The app additionally provides an worker psychological well being advantages resolution for employers – over 190 establishments have availed of this package deal together with Samsung Electronics, Naver, Hyundai Heavy Industries, Toss, Musinsa Temple and Seoul Metropolis.
WHAT IT’S FOR
Atommerce has been securing investments for Thoughts Cafe with the objective to construct a psychological well being ecosystem, in line with CEO Kim Kyu-tae. Apart from that, it is usually centered on introducing extra telemental well being service choices, know-how R&D, and increasing abroad. Not too long ago, it launched a neighborhood service for its Japanese customers, which offered 100 counselling posts per day throughout its beta run.
MARKET SNAPSHOT
Investments have been laborious to return by in Asia-Pacific’s psychological well being house over the previous 12 months, however there had been some exceptions. Indian startups Lissun and heyy each acquired pre-seed funding final 12 months. Singapore-based MindFi, which focuses on company psychological well being and wellness, even raised $2 million in an oversubscribed seed funding spherical. One other Singaporean firm, Mind, scored an extra $10 million in Collection A funding for its growth.
Atommerce’s newest funding adopted its Collection B funding increase in January final 12 months the place it collected 20 billion gained ($16 million). Thus far, the corporate acquired 35 billion gained ($28 million) in whole funding.