London wellbeing startup raises more than £1.7m in bid to "create real change"

A London wellbeing startup has today announced that it has raised more than £1.7m as it aims to “create real change”.

Psychological Technologies (PSYT), based in London, has raised the funds supported by Angel Investment Network, the world’s largest online angel investment platform.

The startup turns the advice of the self-development authors into digital, action-based summaries.

Nick Begley, CEO, commented: “Whether you want to become a better leader, better sleeper or reduce your anxiety, we all want to improve our lives.

“However we discovered the self-development market fails to deliver, not because the advice isn’t good, but because information isn’t enough.

“Our platform enables us to deliver interactive practices through mobile, so people can access tools to help them the moment they need them, whatever the situation.

“We have been thrilled with the support we have received from investors and some of the biggest self-development authors in the world as we look to scale our offering.”

Ed Stephens, global head of brokerage, Angel Investment Network, said: “This is a brilliantly observed gap in the market for the millions across the globe interested in self-development.

“As well as being a winning idea, the team has the most impeccable credentials with Nick having been at the forefront of one of the best known and life changing apps ever developed.

“With a team of world class advisors and so many authors already signed up, we saw huge interest from our investor database who spotted the potential of the business.”

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