The French insurer SCOR, through its investment vehicle Life & Health Ventures, has decided to carry out a new economic injection in the Spanish startup ifeel, specialized in providing companies with a platform of emotional well-being for their employees, combining tools of self-care through artificial intelligence with individual therapy sessions at the hands of psychologists.
The startup has raised 5.5 million euros in a recent investment round led by Nauta Capital and in which other investors such as the insurer have participated. “SCOR Global Life seeks more accessible, relevant and desirable health insurance for its clients. This collaboration with ifeel supports our efforts to address the emerging threat of mental health issues through a digital approach. Ifeel is in a unique position to transform the way employees and insurance companies are solving mental health issues. We believe the collaboration will create opportunities for innovation within the healthcare and insurance ecosystem, “said Brona Magee, Deputy CEO SCOR Global Life.
For his part, Amir Kaplan, CEO and founder of ifeel, commented: “We are delighted that SCOR is joining this series A investment round. We see great synergies with SCOR and we believe that we will create mutual value in the coming months and years” , said Amir Kaplan, CEO and founder of ifeel.
The ifeel startup is already active in 20 countries and its platform is available in four languages (English, Spanish, French and Portuguese).
ifeel, the emotional well-being platform that allows employees to access psychological therapy, has raised a € 5.5M Series A financing round conducted by Nauta Capital together with existing investors.
With a mission to digitally increase access to therapy, ifeel combines its proprietary platform with data analysis and clinical research by chartered psychologists to provide users with a new way to manage their emotional well-being; from self-care to therapy sessions.
With ifeel users have access to self-care tools such as a self-recording of their daily mood and recommended exercises and activities, as well as face-to-face therapy sessions with chartered psychologists. By combining self-care with guided therapy, ifeel maximizes the engagement and retention of its users; From the company they defend that 90% of them experience an improvement in their emotional and mental well-being after having used the ifeel platform.
The impact of the pandemic on psychological well-being has been a recurring topic of debate. From ifeel they highlight an investigation carried out by Deloitte, which shows that UK companies lose 45,000 million pounds a year due to various mental health problems in their employees, while 60% of companies report plans wellness enhancement, mental health and stress management benefit programs for your employees.
