What You Ought to Know:
– Oliva, a London-based office psychological well being platform introduced it has raised $6.3M (£4.84M) in seed funding led by Stride VC, a seed-stage VC agency based mostly in London, together with extra funding offered by Moonfire.
– The seed increase marks the biggest seed funding for a psychological well being startup in Europe.
Assist with Life’s Issues, Work-Associated or Not
Within the UK, poor psychological well being prices employers between £33 billion and £42 billion a 12 months, and the UK financial system between £74 billion and £99 billion per 12 months. Proof means that 12.7% of all illness absence days within the UK will be attributed to psychological well being circumstances. As well as, the COVID-19 pandemic has accelerated unprecedented demand for psychological well being help and together with it an explosion of ‘human-less’ digital well being apps a lot of which lack any medical proof.
Co-founders Javier Suarez and Sançar Şahin noticed the advantages of digitalization but in addition noticed how this was de-personalizing psychological well being care. They recognized a niche for a extremely customized, clinician-led strategy enabled by know-how. The end result – Oliva, uniquely blends clinician-led care with superior digital instruments to create a strong end-to-end person-centered platform for stress, despair, nervousness, and burnout.
Latest Traction & Strategic Plans
Oliva has skilled sustained income progress of over 30% month-on-month for the reason that begin of 2021 and is quickly constructing out its infrastructure and capabilities. Most notably, the corporate just lately employed trade veteran, Dr Sarah Bateup as Chief Scientific Officer to guide the event of Oliva’s extremely customized strategy and rigorous high quality management to drive higher outcomes. Sarah has pioneered digital psychological well being service supply throughout the NHS and has additionally authored essential peer-reviewed publications which have superior the sector of evidence-based psychological healthcare.
Oliva’s mission is to turn out to be the primary psychological wellbeing platform for SMEs and fast-growth corporations within the UK. It is going to use this seed capital injection to execute three key priorities within the coming 12 months. These embody the acceleration of recent digital instruments, the supply of extra languages and time zone availability to allow complete workforce protection, and the growth of its care providing to incorporate workshops and self-guided content material.
“This document seed increase is a vital endorsement for Oliva’s platform and our distinctive group. Our imaginative and prescient is to turn out to be Europe’s most complete and clinically validated office psychological well being platform. As companies more and more recognise the necessity to present higher help and to mitigate the impacts of psychological well being associated absence, Oliva is a standout evidence-based platform that importantly goes past therapy to focus on prevention and early intervention,” mentioned Oliva co-founder and CEO, Javier Suarez.