SCOR backs ifeel

SCOR Life & Health Ventures has announced an undisclosed investment in ifeel , a Madrid-based all-in-one emotional wellbeing platform. To date, the company has raised ~$9.7 million.

Founded in 2017, the ifeel platform and related app offers users a ‘convenient’ solution to the pressing issue of mental illness that has been accelerated by the pandemic. The ifeel platform addresses mental health problems by offering a full spectrum of support and services depending on the customers’ needs, experiences, and conditions. By combining self-care and guided therapy, ifeel maximizes the engagement and retention of its users – with 90% reporting improved emotional and mental well-being after using ifeel. The platform is already actively used in 20 countries and is available in four languages (English, Spanish, French, and Portuguese).

“SCOR Global Life seeks to extend protection and peace of mind to consumers and make life insurance more accessible, relevant, and desirable. We look to build solutions with our insurance clients that enable them to provide their customers with easy-to-access, convenient illness prevention and intervention tools. This partnership with ifeel supports our efforts to address mental health problems through a digital approach. Ifeel is in a unique position to transform the way employers and insurance companies are solving mental health issues. We strongly believe that this partnership will create innovation opportunities across the healthcare and insurance ecosystem.” – Brona Magee, Deputy CEO of SCOR Global Life.

“We’re excited to have SCOR 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 ahead.” – Amir Kaplan, CEO and founder of ifeel.