Seedcamp is Europe's seed fund, identifying and investing early in world-class founders attacking large, global markets and solving real problems using technology. The Seedcamp Nation includes over 400 startups building breakout businesses that change the way people live, interact and buy and includes publicly listed UiPath, Wise, and unicorns Revolut, Hopin, Sorare, Pleo, and wefox along with fast-growing businesses such as Grover, viz.ai and Ezra.  Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support and a global network built upon more than a decade's experience backing exceptional talent. Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support, and a global network built upon more than a decade's experience backing exceptional talent.

Seedcamp

Passion Capital is a partnership of entrepreneurs and operators applying their experiences to helping founders and early-stage teams build great digital media/technology companies. They are Stefan Glaenzer, Eileen Burbidge and Robert Dighero.  They have been personally involved in the largest European technology exits of the past decade, including the biggest exits of the year for 4 of the past 10 years by market value (Ricardo.de acquired by QXL, Skype purchased by Ebay, Last.fm acquired by CBS, and QXL/Tradus acquired by Naspers) and want to be involved in many more.  They believe that the critical differentiator and key asset of a successful business is the passion and ability of its founders.  They are committed to fostering an ecosystem of technology, collaboration and executional excellence in Europe. As an example of this, White Bear Yard is their own hub for activities, ambitions and energy and where have fun in the process.

Passion Capital

Ascension is an early-stage VC built by exited entrepreneurs to back the next generation of tech and impact founders. Run by an experienced and diverse team of successful entrepreneurs, we have been relentlessly dedicated to finding the UK’s best Seed-stage startups since 2014. Ascension benefits from the active industry connections essential for the sourcing and development of deal-flow and due diligence. The team has co-invested with the UK’s leading angels and VCs, key to securing follow-on funding as the portfolio businesses move to their next stage of growth. We believe in building an inclusive, community driven brand that can benefit the wider UK tech ecosystem and strive to work with conviction, integrity, humour, and humility.

Ascension

Ada Ventures is a venture capital fund that finds and funds extraordinary talent building breakthrough ideas for the hardest problems we face. Ada Ventures invests in UK companies at pre-seed and seed across climate, healthcare & ageing, economic empowerment.  Ada Ventures looks for underserved or unserved markets and opportunities for significant global scale and impact with a technology moat  and defensible tech, specifically a breakthrough idea.  Ada Ventures is named after Ada Lovelace, the pioneering computer programmer, and mathematician, who was never recognised during the time she lived for what she contributed to the advancement of technology and science.

Ada Ventures

The Future Fund is provides government loans to UK-based companies ranging from £125,000 to £5 million.

The Future Fund

Spill App

Spill is an app that makes all the benefits of talking therapy available to everyone, every day. It offers a message-based therapy app to help improve workplace well-being.

<div><p>Spill is a mental health startup providing remote mental health support for corporate clients using the workplace messaging tool, Slack. Employees can book a virtual therapy session, communicate with a therapist, and access mental health tools through Slack. </p></div>

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

Mental Health Tech

<div>
  <p>
    Spill is a mental health startup providing remote mental health support for corporate clients using the workplace messaging tool, Slack. Employees can book a virtual therapy session, communicate with a therapist, and access mental health tools through Slack. 
  </p>
  <p>
    The UK-based mental health startup was founded in 2017 as a message-based therapy app but was relaunched as a Slack integration app in January 2020. The company has since acquired more than 100 corporate clients with 1,000 employees taking part in online consultations. Spill raised GBP 2 million (USD 2.7 million) in seed funding in January 2021, which brought its total funding to GBP 2.65 million (USD 3.6 million).
  </p>
</div>


<div>
  <p>
    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.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    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.
  </p>
</div>


Boulder Care

<div>
  <p>
    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).
  </p>
  <p>
    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.
  </p>
</div>


7 Cups

<div>
  <p>
    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%.
  </p>
  <p>
    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. 
  </p>
  <p>
  </p>
</div>


wayForward

<div>
  <p>
    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.
  </p>
</div>


<div>
  <p>
    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.
  </p>
  <p>
    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.
  </p>
  <p>
    <b>Key customers and partnerships</b>
  </p>
  <p>
    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. 
  </p>
  <p>
    <b></b>
  </p>
  <p>
    <b>Fundings and financials</b>
  </p>
  <p>
    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.
  </p>
</div>


Meru Health

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

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

Spill App

Mental Health Tech

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