ifeel Raises $20M in Funding to Expand Mental Health Solutions

ifeel Raises $20M in Series B Funding

Key Highlights:

• Series B Funding: Madrid-based mental health solution provider ifeel raised $20 million in Series B funding, bringing the total amount raised to $40 million.
• Investors: The funding round was led by FinTLV Ventures and Korelya Capital, with participation from existing investors SCOR Ventures, Nauta, and UNIQA Ventures.
• Commercial Growth: The funds will be used to expand ifeel's commercial engine in existing and new markets, as well as enhance its product and innovation capabilities in the mental health space.

ifeel's Target Market

• Enterprise and Insurance Companies: Targeting companies and insurers looking to address mental health risks and reduce associated costs.
• Global Market: Expanding its reach to new markets while serving existing customers.
• Partnerships: Collaborating with insurance companies and large enterprises to provide mental health solutions.

What ifeel Needs to Buy

• Research and Development: Investing in research and development to enhance its AI-powered diagnostic system and expand its product offerings.
• Marketing and Sales Support: Engaging with marketing and sales service providers to drive customer acquisition and market penetration.
• Partnerships and Integrations: Collaborating with insurance companies and large enterprises to integrate ifeel's mental health solution into their offerings.