Be ThoughtFull! They’re a Singapore-founded digital mental health platform focused on Asia, and they’ve just raised a $4M Pre-Series A round! 

• Founded four years ago, this brings their total funding to $5.1M. 

Investor check. Sheares Healthcare Group (a wholly owned subsidiary of Temasek) led the round. Previous investors Vulpes Investment Management, and The Hive Southeast Asia, also joined in! 

‍

😩 The struggle

Mental health in Asia has been long overlooked. 

The pandemic has caused an insane 25% spike in levels of depression and anxiety across the globe. With increasing demands for mental health services, both individuals and employers are looking for more accessible solutions. 

Stigma. Since mental health is stigmatized in many cultures, digital solutions for mental health have become a great alternative because of their accessibility and anonymity. 

‍

💬 Let’s chat 

ThoughtFullChat is here to help. The solution offers personalized content, tracking and access to mental health professionals through video calls and texts. 

• Individuals can access subscriptions for $199 SGD per month (around $150 USD)
• Employees can access the solution through their employers! 

Growing oh-so-fast. ThoughtFull has a user base spread across 95 provinces, towns, and cities worldwide and a provider network spanning 57 locations across Asia. Their app is also available in 11 languages!

‍

🤝 Rest assured, it’s insured! 

Employers in Asia increasingly prioritize mental health as the workforce transitioned back to working in the office. 

• ThoughtFull was the first in the region to partner with insurers like AIA Malaysia to provide their corporate customers with end-to-end mental health support.

‍

💫 The future 

With the new $$$, ThoughtFull plans to scale their business across Asia and deepen product offerings! They're also working on clinical research for more Asia-focused insights. 

Zoom out. We’re seeing more funding flowing into mental health tech in the SEA! Other players in the space include Intellect and MindFi.