Since the pandemic outbreak, it’s safe to say that physical and mental health has risen to the top of our society’s priority list. Cases of mental illnesses have increased in the last year, as has the number of people seeking help for their mental illnesses.
Mental health care is now firmly on the corporate agenda, demand for solutions is increasing, and it is perhaps unsurprising that ambitious new mental health startups are developing innovative solutions. According to Mental Health America, there has been a 93% increase in the number of people seeking help with anxiety screenings from 2019 to 2020 and a 62% increase in depression screenings. Most of those screened with moderate to severe anxiety or depression symptoms reported loneliness or isolation as one of the top three factors contributing to their mental health concerns.
This post has profiled some of the most promising mental health and well-being startups. From artificial intelligence psychotherapy to female-focused hypnotherapy, these businesses are addressing employee burnout, preventing mental illness, and successfully meeting the increased demand for mental health care.
Koa Foundations, Koa Health’s flagship app, is ranked as the number one mental well-being app by ORCHA and OneMind’s Psyberguide, has top user ratings across app stores, and has proven health outcomes in sleep, resilience, and overall well-being in just two weeks.
Koa Health’s solutions, developed by leading experts in neuroscience, psychiatry, behavioral therapy, and digital therapeutics, use evidence-based programs such as cognitive behavioral therapy (CBT), positive psychology, mindfulness, meditation, relaxation techniques, psychoeducation, emotional regulation, and acceptance and commitment training (ACT) to drive health outcomes and deliver long-term behavior change.
Employees have access to a rich library of exclusive, bite-sized educational content, tools, interventions, activities, and games powered by a proprietary AI recommendation engine, all designed to provide an engaging employee benefit for a diverse population.
Thrive, founded by trained psychiatrist Andres Fonseca, creates interactive mobile apps to assist employers in managing their employees’ mental health. It can detect, track, and manage mental health conditions such as depression, anxiety, and phobias. The NHS-approved smartphone app is designed to help anyone improve their mental health remotely, from meditation and thought training to sleep improvement.
Thrive has completed five fundraising rounds to date, the most recent of which occurred in March of this year and raised £2.9 million at a pre-money valuation of nearly £7 million. Since its inception in 2012, Thrive has enabled thousands of employees to easily obtain the critical assistance they require in a confidential and efficient manner.
BHS has optimized organizational performance by empowering individuals to reach their full potential since 1983. They are a privately held, 100% women-owned, stand-alone provider of comprehensive mental health solutions that assist organisations in improving their culture, performance, and profitability by improving their employees’ health, productivity, and safety. BHS assists thousands of corporations, agencies, institutions, associations, and organizations, and currently serves over two million people worldwide.