Thoughtfull announces US$1.1M Seed, Largest in SEA So Far

(TechCrunch, Oct 2021) Depression and anxiety were taking a serious toll on peoples’ well-being even before COVID-19, and the pandemic prompted more interest (and venture capital) in mental health startups. While many of the highest profile mental health startups, like Calm or Headspace Health, are based in the United States, more attention is also being paid to emotional wellness around the world. In Southeast Asia, for example, a growing list of startups is increasing access to mental healthcare and support. One of them, ThoughtFull, announced today it has raised $1.1 million USD in seed funding, which it says one of the largest seed rounds raised by a digital mental health startup in Southeast Asia so far.

Founded in 2019, ThoughtFull’s ThoughtFullChat app connects users to mental health professionals for coaching sessions or therapy, and also has self-guided tools. The startup’s app for mental health professionals, called ThoughtFullCare Pro, enables them to manage and scale their online practices. ThoughtFullChat is available for download through the App Store and Google Play, or through insurers and employee benefit programs.

Investors in its seed round include The Hive SEA, Boston-based Flybridge and Vulpes Investment Management, along with family offices and angel investors in the Asia Pacific region.

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