Berlin-based mental health solutions startup Likeminded has successfully completed a seed funding round of €5.9 million from prominent investors, including Holtzbrinck Digital and existing investor Heartcore Capital.
The core objective of Likeminded’s digital platform is to provide personalized support for corporate employees, aiming to prevent overwork and burnout. Notable companies like Jack Wolfskin, Oliver Wyman, and sennder have already benefited from the platform, boosting employee retention and satisfaction.
The fresh capital will be key in expanding the business and realizing Likeminded’s ambitious goal of becoming Europe’s premier mental health solutions platform. An important focus will be on enhancing AI-driven personalization alongside scalable formats. With the backing of strong investors, Likeminded is poised to make a significant impact on the mental health landscape in the corporate world.
One aspect that sets Likeminded apart is its expertise in group formats, in addition to one-on-one sessions and on-demand content with psychologists. Founded in 2020, the company has seen a remarkable 200% growth in users over the past 12 months, impressing existing investor Heartcore Capital.
The need for such mental health solutions has become increasingly evident, with a rising number of people experiencing workplace-related mental stress. In 2022, the DAK reported a record high in sick leave due to mental illness. In response to this issue, Likeminded was founded by Kimberly Breuer, Maximilian Heberger, Stefan Anca, and Josu García de Albizu. The platform’s user-friendly interface ensures quick access to personalized mental health offers.
“By combining AI-driven recommendation algorithms with scalable but consistently effective support formats, Likeminded brings together what at first glance seems impossible: personalized mental health support at a sustainable cost,” said Jannik von Wallis, Investment Director Holtzbrinck Digital.