German startup nilo.health raises €7.49 million to break down barriers in the workplace

Mental health and well-being in the workplace is increasingly being given the recognition it deserves. More and more companies are starting to take employee wellbeing seriously and to embed processes to look after staff, creative supportive work environments and promote mental wellbeing. That being said, there is still a long way to go. Mental health is still very much a taboo topic and many employees find different barriers when it comes to opening up about their mental health at work. 

Helping to break down these barriers, German startup nilo.health is offering a mental wellbeing support platform for entire workforces. The solution provides therapists and digital content all in one place. As part of the mission to improve workplace mental health, the Berlin and Munich-based company has just picked up about €7.49 million.

The seed round was led by Speedinvest, with participation from PROfounders Capital, Vorwerk Ventures and pre-seed investor Atlantic Labs and angel investors like Hanno Renner, Jonas Rieke, Oliver Manojlovic and Michael Wax.

Founded in 2019  by Ines Räth, Catalina Turlea and Jonas Keil, nilo.health makes high-quality mental health support easily accessible for everyone to enable employers to effectively offer mental health services as a company benefit. The platform allows for  1on1 counselling sessions and evidence-based digital training and tools to proactively improve employees’ mental wellbeing. Currently, the team are serving over 120 clients globally, including the likes of TIER Mobility, Westwing, Scholz & Friends and Altium.

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 injuries. The same is true for our mental health. Yet it’s not acceptable for people to talk about it. The current system makes proactive prevention difficult and getting treatment extremely challenging. We aim to remove the stigma and give people exactly the support they need to work on their challenges.”

The fresh funding will be used to expand the platform’s offering – for example, going from 22 languages to over 40. It’s all part of making mental wellbeing support more accessible and available. 

Mathias Ockenfels, partner at Speedinvest, added: “Companies need to react to constantly rising mental health related absences and costs. With its holistic and proactive approach to mental health, the startup helps companies build stronger, more resilient workforces.”