Surge is a rapid-scale up program for startups in India and Southeast Asia. Surge combines $1 million to $2 million of seed capital with company-building workshops, global immersion trips and support from a community of exceptional mentors and founders. The goal to supercharge startups and give founders an unfair advantage during the early-stages of company building. For more information on Surge, visit http://surgeahead.com

Surge

GGV Capital is a global venture capital firm that separated into two distinct firms and separate brands as of March 29, 2024. The Asia partnership, Granite Asia, is headquartered in Singapore and invests in the APAC region, including Southeast Asia, Japan, China, India, and Australia. The U.S. partnership, Notable Capital, is based in Silicon Valley with offices in San Francisco and New York, and invests in the U.S., Israel, Europe, and Latin America.

GGV Capital

zVentures is Razer’s corporate ventures arm and an integral component of Razer’s strategic investments activities. They focus on companies that have or will have a role to play within the larger Razer eco-system. In addition to providing capital, we help our companies interface with Razer, by allowing them access to Razer’s network of suppliers and OEMs, customers and investors, as well as meet other stakeholders, industry leaders and influencers.

zVentures

Pascal Capital

Revery

Revery is using game thinking to revolutionize wellness. In the US alone, one in five adults experienced a mental illness in 2017-2018. With the COVID-19 pandemic, those figures worsened. Options beyond medication are limited, stigma continues to be a challenge, and therapy comes with a steep price tag for many people who may not be able to afford ongoing care. Everyone should have the opportunity to live up to their fullest potential by taking care of themselves physically and mentally. Revery Labs is challenging the status quo by making wellness affordable and accessible. The team at Revery is on a mission to make access to wellness affordable and accessible to anyone with a mobile phone, through the medium of gaming.

California-based Revery offers wellness solutions to improve sleep cycles and address individuals suffering from insomnia. Its mobile app, which is currently in beta stealth, incorporates cognitive behavioral therapy (CBT) with gamified experiences to make therapy more interactive and fun.

A new industry proving that digital connectivity and mental health can co-exist.

Digital Wellness

Revery provides a mobile gaming app that combines cognitive behavioral therapy (CBT) for insomnia, with future plans to expand its focus towards other mental health diseases.

New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

Revery Toronto Downtown, Curio Collection by Hilton

California-based Revery offers wellness solutions to improve sleep cycles and address individuals suffering from insomnia. Its mobile app, which is currently in beta stealth, incorporates cognitive behavioral therapy (CBT) with gamified experiences to make therapy more interactive and fun.The company is currently focusing on treating sleep issues as it believes disturbed sleep is the root cause of various mental health issues. However, it also plans to focus on other mental health issues in future and build multiple gamified experiences for other wellness indications.The company plans to launch the app by the end of 2021 and has not disclosed much about its app or its features yet.Founded in March 2021, Revery raised USD 2 million in its first and latest funding round in August 2021, which it intends to utilize for the development of its mobile application.

Headspace is a digital wellness company that delivers meditation programs through a smartphone app. The company was founded by Andy Puddicombe, a former Buddhist monk, and Richard Pierson, a marketing and brand development professional. In addition to meditation, Headspace offers stress management programs, mindfulness activities, and sleep therapy solutions. Headspace also operates a business-to-business (B2B) focused “Headspace for Work” program with around 1,600 corporate customers as of January 2021, which has seen around 3x growth during 2020. Further, the company operates “Headspace for Health,” a program that develops US Food and Drug Administration (FDA) approved meditation tools to treat chronic diseases.As of January 2023, the company has over 100 million users across 190 countries, with its brands “Headspace for Work” and “Ginger” being used by over 4,000 enterprises including Starbucks, Adobe, Delta Air Lines, Mattel, and Paramount. The company also partners with a health plans, such as Cigna, to provide its services.In January 2022, the company <a href="https://sp-edge.com/updates/7781">acquired Sayana </a>, an AI-powered mental health provider which helps employees manage stress and anxiety, improve sleep and increase productivity. The acquisition was carried out to expand Headspace's services to provide personalized self-care to its users.In June 2022, the company launched a <a href="https://sp-edge.com/updates/11145">new training program for senior leaders </a>and managers to support mental well-being in the workplace.In September 2022, the company <a href="https://sp-edge.com/updates/12918">acquired fellow mindfulness platform Shine </a>for an undisclosed amount. The acquisition enhanced Headspace Health’s offerings by supporting inclusiveness and diversity while also growing Headspace’s member base. Select content from Shine was earmarked to be added to Headspace Health’s content library.In November 2022, the company launched a new platform that combines its product offerings with mental health platform Ginger’s <a href="https://sp-edge.com/updates/5119">an entity it merged with in August 2021 </a>. The platform combines Headspace Health’s meditation and mindfulness services with Ginger’s on-demand coaching, therapy, and psychiatry services, to offer enterprise clients an integrated solution for supporting their employees.In January 2023, the company <a href="https://sp-edge.com/updates/16052">expanded its geographical reach </a>to offer coaching, therapy, and employee assistance-related services to UK headquartered enterprise clients. The company stated it plans on continuing this international expansion into other countries throughout 2023 but did not mentioned specifics.In April 2024, Headspace <a href="https://sp-edge.com/updates/28767">introduced a new mental health coaching service </a>that offered one-on-one support in tackling a wide range of life challenges. The service was available to its direct-to-consumer subscribers at a rate of USD 99.99 per month. The company claimed the experts had been trained to help individuals set realistic goals, initiate new habits, and motivate change while providing them full responsibility for their achievement.In July 2024, the company <a href="https://sp-edge.com/updates/31551">announced that Tom Pickett will be its new CEO</a> and member of the company's board of directors, effective August 12, 2024.Key customers and partnershipsIn June 2023, the company <a href="https://sp-edge.com/updates/19771">extended its partnership with with employee benefit management platform provider Virgin Pulse </a>to integrate its platform with Virgin Pulse’s platform. This integration enables employees enrolled in Virgin Pulse’s health benefit offerings to access the full suite of Headspace’s offerings as a part of Virgin Pulse’s Homebase for Health platform.In March 2024, Headspace <a href="https://sp-edge.com/updates/27330">partnered with Meta </a>to launch "Headspace XR," available for an upfront fee of USD 30. Headspace XR provides guided mindfulness and meditation exercises led by the same instructors familiar to regular Headspace users. The exercises cover activities such as breathing techniques, body scans, and mood tracking. Additionally, it incorporates a social element, including interactive metaverse-style gaming in vivid environments.In June 2024, Headspace <a href="https://sp-edge.com/updates/30378">partnered with Uwill</a>, a mental health platform for colleges and students, to integrate Headspace's wellness services into Uwill's existing portal. The collaborative effort will allow Uwill's Urise program to incorporate Headspace's services, primarily meditation, yoga, and mindfulness offerings.Most recently, in August 2024, Headspace <a href="https://sp-edge.com/updates/21452">partnered with Castell</a>, a value-based care (VBC) subsidiary of Intermountain Healthcare, to offer mental health services to members of select insurance plans in Utah. The partnership aimed to improve health outcomes by providing personalized mental healthcare to members. Through the partnership, Castell began refering eligible members to Headspace for behavioral health coaching and therapy, giving them access to a team of coaches and licensed therapists through an outcomes-based payment model.

Headspace

<div>
 
 Calm is a digital wellness company which offers guided meditations to make people happy as well as mindfulness and sleep programs through a smartphone app. Its audio content is designed to strengthen mental fitness and address mental health challenges such as stress, anxiety, insomnia, and depression. The company started out as a website in 2011 where users were trained to stare at a screen and listen to waves on a beach for two minutes without touching their mouse. In February 2013, more content was added and the company launched a mobile app. Calm was named by Apple as the 2017 iPhone App of the Year and received Editors' Choice certification by Google in 2018. Calm offers content in English, Spanish, French, and German and operates Calm Business, a business-to-business (B2B) covering over 10 million employees as of March 2022. 
 
 
 
 
 Calm gained significant traction in 2020 during the Covid-19 lockdowns. It became the most downloaded digital wellness app during April 2020 with 3.9 million downloads worldwide, including 1.6 million downloads in the US. Kaiser Permanente, a large managed care service provider, provided Calm free for its 12.4 million members in May 2019. Calm also partnered with CNN on the 2020 US presidential election day to play the sound of rain hitting leaves on air, a marketing effort that went viral on social media.
 
 
 As of December 2020, Calm has reported over 100 million app downloads (compared with over 40 million in early 2019 and over 80 million as of May 2020) and was valued at USD 2 billion. 
 
 
 In October 2022, the company 
 <a href="https://sp-edge.com/updates/13853">
 launched a new clinical mental health offering
 </a>
 called &ldquo;Calm Health,&rdquo; marking its expansion into the mental health space. The new solution provides condition-specific programs designed to bridge mental and physical care and includes tools for communication with providers and medication tracking. This solution was created for the company by Ripple Health, which was 
 <a href="https://sp-edge.com/updates/8246">
 acquired by Calm
 </a>
 in February 2022. 
 
 
 Key customers and partnerships
 
 
 As of December 2022, the company has partnered with over 20 brands to collaborate and provide its services through sales partnerships. These brands include Xbox, Amazon, YouTube, Adidas, Fitbit, and American Express. 
 
 
 Funding and financials
 
 
 In December 2020, Calm raised USD 75 million in a series C funding round led by Lightspeed Venture Partners doubling it&rsquo;s valuation to USD 2.0 billion. Calm planned to use the funding to expand operations globally and broaden its B2B offerings.
 
</div>

Calm

<div>
 
 Simple Habit is a guided meditation service provider, which offers bite sized, five-minute long meditation sessions through an app targeting people with busy schedules. The company also offers mindfulness, sleep, and wellness programs. As of November 2020, Simple Habit offered over 2,000 sessions designed to help users sleep, reduce anxiety, and get over relationship issues. The content is organized by occasion, such as commuting, going to sleep or preparing for a meeting. 
 
 
 In June 2022 the company launched its Sleep Habit app, a virtual sleep clinic that helps users improve the quality of their sleep. The app uses clinically validated approaches to improve sleep quality and treat issues such as insomnia via methods such as cognitive behavioral therapy. 
 
 
 As of September 2022, Simple Habit claims to have a 7 million users between both of its apps. 
 
 
 
 
 In November 2018, Simple Habit raised USD 10 million in a Series A round led by Foundation Capital, bringing the company’s total funding to USD 12.6 million. The company used the funds to expand its library of guided meditation sessions and to add audio content led by therapists and executive coaches. As of late 2018, the app was reported to sign up as many as 30,000 new users per week. As of November 2020, Simple Habit reported having helped helped over five million people reduce burnout through its app’s services.
 
</div>

Simple Habit

<div>
 
 Insight Timer is a company which offers guided meditation, yoga, and sleep programs through a smartphone app. It also offers free interactive live sessions with teachers, performers, and therapists through the app and web. The company’s business-to-business (B2B) offering, “Circles for teams”, targets enterprise customers to help bring employees together to practice group meditations, chat with each other, and recommend content. In October 2020, Insight Timer began offering free, daily live yoga classes from instructors based on a pay-what-you-can model.
 
 
 
 
 As of October 2020, Insight Timer featured around 8,000 meditation teachers providing over 70,000 free tracks on guided meditations in 50 languages as well as 5,000 music tracks. The company has also claimed that it ranks first in the US among meditation apps in terms of the time spent by users with Insight Timer boasting 63% of the time spent on meditation apps as of 2018.
 
 
 
 
 The majority of the content is available for free, and users can sign up for a premium version at a price of USD 9.99 per month or USD 59.99 per year. Premium users get access to content such as Insight courses and the ability to download content.
 
 
 
 
 In January 2020, the company raised USD 27.4 million. As of November 2020, the monthly operating cost of the company is reported to be around USD 1 million and Insight Timer has failed to break even as of the end of 2020. The founder attributes the significant growth of the company to its free content and has advocated against moving too much of its content behind the premium subscription paywall. As of November 2020, the app had a 16% 30-day retention rate, more than double the average retention rate of 7.7% for top 100 apps in Apple’s App Store. As of November 2021, the company has 19 million users. 
 
</div>

Insight Timer

<div>
 
 Big Sky Health is the developer of the Oak Meditation breathing app. Oak Meditation offers guided and unguided meditations, sleep meditations, meditation timers, yogic exercises for breathing, animated instructions, and music tracks. The company is headed by Mike Maser, an entrepreneur who was diagnosed with stage IV cancer. Most of the companies services are offered free of charge with in-app purchases ranging from USD 5.99 to USD 38.99.
 
 
 
 
 In addition to Oak meditation, Big Sky also offers a fasting app called Zero and an alcohol moderation app called Less. In May 2020, Big Sky raised USD 8 million in Series A funding in a round led by Greycroft with participation from existing investors True Ventures and Trinity Ventures, bringing the company’s total funding to USD 12.2 million. Big Sky Health expects to use the funds to expand its staff and boost customer acquisition.
 
</div>

Big Sky Health

Apps that provide relaxation, stress reduction and non-therapeutic mental health support via meditation-related techniques.

These apps aim to increase users’ body and brain functions including memory and attention to detail with microlearning, gamification, and journaling techniques.

Helps users analyze and address sleep disorders with wearable tech, music and sound therapy, and storytelling.

Apps that provide virtual training programs, track workouts, and provide guides for nutrition.

Some digital wellness providers provider VR/AR experiences for meditations

Some companies offer personalized care/meditation plans, workout regimens, or treatments for sleep disorders

Offers app-based platforms that improve health and wellness

Revery provides a mobile gaming app that combines cognitive behavioral therapy (CBT) for insomnia, with future plans to expand its focus towards other mental health diseases.In August 2021, Revery raised USD 2 million in a pre-seed funding round to develop and launch its app. During the same period, the company was in beta stealth and intends to launch its offerings across the US at the end of 2021.

<div>
 
 Boulder Care is a telepsychiatry platform that connects patients who are opioid-addicted users to addiction specialists, care coordinators, and peer coaches. Patients can get personalized plans via video and text messaging and the app is intended to be used in conjunction with prescription medicines and lab tests.
 
 
 Funding and financials
 
 
 In June 2022, the company raised USD 36 million in a Series B funding round. The funds were earmarked to triple the size of the company’s medical care team, expand its geographical footprint, and increase its value-based care treatment options through partnerships with health plans.
 
</div>

Boulder Care

<div>
 
 7 Cups provides an emotional-support platform with a network of volunteer listeners. Users can anonymously access either one-on-one chats or group chats 24/7, free of charge for issues such as depression, anxiety, relationships and those related to the LGBTQ+ community. It also teaches users skills such as meditation to improve their lives. If users want additional support, the company also provides access to an online therapy platform with a network of 180 licensed therapists for a subscription plan of USD 150 per month. 7 Cups is available for users above 13 years of age (users between 13 and 17 years old engage with listeners who are specifically trained in teenage interactions).
 
 
 Volunteer peer listeners get free training and support as well as flexible scheduling. Once a user requests a chat, it will be directed to available listeners and if the user requests a specific listener, he will be connected as soon as the listener accepts the demand. The service is anonymous and the listener has no access to the details of the user unless the information is disclosed to the listener by the user in their conversations. As of January 2022, 7 Cups has facilitated more than 51 million conversations, served 25 million individuals, and had 300,000 trained listeners. The listeners serve in 180 countries in 140 languages.
 
</div>

7 Cups

wayForward provides technology-supported behavioral health and emotional wellness services for employers planning to make services available to their employees. It uses a screening procedure designed by neuropsychologists to triage and help employee members get clinically relevant mental healthcare. The company provides a self-guided app, text-based coaching, video visits, telepsychiatry, and if required, in-person visits or an on-site counselor. wayForward leverages its evidence-based approach and artificial intelligence in delivering its services and claims that it has been able to reduce anxiety symptoms by 48% and depression symptoms by 59%.The company raised USD 2 million in a seed round in June 2020, which brought total funding to USD 4.5 million. DarioHealth, a chronic disease management platform based in Israel, signed a definitive agreement to acquire 100% of wayForward in May 2021 for a total consideration of USD 30 million. As of May 2021, the wayForward had approximately 20,000 members and was available in North America, Australia, and Europe.

wayForward

Coa is a mental health company that conducts online classes led by licensed therapists for mental health users. The classes focus on conditions such as stress, anxiety, confidence and relationships. The company raised USD 3 million in a seed round in October 2020 from investors led by Crosslink Capital.

<div>
 
 Meru Health is an online platform that connects patients experiencing stress, depression, anxiety, burnout, and other mental health issues to licensed therapists. The company was founded by Kristian Ranta in 2016 after his older brother died from suicide after battling depression. The platform offers a 12-week program and personalized text-based coaching services and virtual workshops. Meru also provides access to progress reports and anonymous peer support groups as well as sleep, nutrition, and mindfulness advice on top of vital tracking information—such as heart rate data.
 
 
 The company reported a 10x YoY growth in its customer base in 2020 and plans to serve 10 million users by 2027. The company also achieved 8x YoY growth in revenue in 2020 amid an increase in demand in mental health services brought about by the Covid-19 pandemic.
 
 
 Key customers and partnerships
 
 
 In September 2022, Meru Health and clinical trial platform Curebase 
 <a href="https://sp-edge.com/updates/13230">
 announced a partnership
 </a>
 to carry out a three-year clinical trial to measure the effectiveness of Meru Health’s 12-week digital depression treatment targeting primary care patients. The study was funded by the National Institutes of Health’s Small Business Innovation Research program. 
 
 
 
 
 
 Fundings and financials
 
 
 In May 2022, the company secured a USD 2 million grant from the National Institute of Mental Health to measure the effectiveness of its 12-week program for treating primary care patients. The study will follow 300 patients across the US with symptoms of major depression for a period of three years.
 
</div>

Meru Health

Online peer-to-peer platform and support system that connects mental health communities.

Mobile-based apps and FDA-approved software that incorporate evidenced-based cognitive behavioral therapy to prevent, treat, or manage mental and behavioral conditions in conjunction with or as a replacement for traditional medication.

Products for behavioral health and mental health tracking, measurement-based care, and real-time remote monitoring of patients.

Subscription or membership-based platforms and apps to connect therapists, psychiatrists or behavioral health coaches with patients.

Offers virtual offerings for mental health consultations

Mental healthcare services offer personalized care tailored to a user's needs and treatment progression

There are mental health providers offering services specifically to help LGBTQ+ or BIPOC individuals

Several mental health technology providers offer therapy services rendered by AI/ML technology

Revery

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