MS&AD Ventures backs Intellect
Singapore-based mental health startup Intellect closed a $10 million Series A round, bringing its total funding to $13 million. Particpiating investors include DG Daiwa Ventures, East Ventures, e.ventures, HOF Capital, Insignia Ventures Partners, MS&AD Ventures , and Pioneer Fund.
Founded in 2019, the mental healthcare platform claims to be the largest and fastest growing mental health tech company in Asia; serving over 3 million members and organisations globally.
Its services, which include self-directed mental wellness programs in 15 languages and online counseling sessions, are available in two ways: as an employee benefit and through the company’s consumer app.
“Intellect is a new form of psychological training developed by a team of world leading psychologists and behavioral experts, packaged into quick bite-sized sessions to help you work towards who you want to be. Overcome personal struggles like procrastination, low self-esteem and anxiety, or develop yourself by becoming more assertive, sociable and confident. Restructure your personal, social or work life by tackling the root of your psychology through our proven scientific process.”
Bottom Line: MS&AD Ventures has made two investments so far this year.