Workplace mental health platform raises $47m ahead of team expansion plans

A workplace mental health platform has announced that it is planning to expand its workforce after closing a multi-million pound funding round.

Unmind, based in London, has raised $47m through an oversubscribed Series B funding round, led by EQT Ventures and supported by Sapphire Ventures, as well as existing investors Project A, Felix Capital, and True.

The funding, which will be used to accelerate the company’s international growth, comes as the firm announces plans to increase its headcount to 200 people by the end of this year.

Dr Nick Taylor, co-founder and CEO of Unmind, said: “Unmind was built on the belief that everyone has the right to a healthy mind.

“Thanks to the support from our investors, this round of funding gives us the opportunity to scale our team while further developing the product with clinically-backed insights and research.

“In turn, this will help us to meet growing global demand from employers looking to drive positive cultural change around mental health in the workplace.

“At Unmind, we see the future of mental healthcare rooted in prevention. After all, we all have mental health, all of the time, and just like physical health or dental health, there’s a range of ways we can proactively nurture and improve it.”