87% Secure £ 1.6m Seed Investment from Aviva Foundation – UK Tech Investment News

Wellbeing Platform 87% Raises £ 1.6m in Just Two Weeks

  • Founded by a former CEO of Ladbrokes and run by a team of psychologists and technicians, a British startup uses clinical data to measure mental health.
  • The rapid expansion into the enterprise sector has shown a CAGR growth of 400% since the inception of the pandemic, driving the investment needed to accelerate service delivery by 87%.
  • Additional funding from the Aviva Foundation will support the mental health of employees in the critical UK SME sector.

Eighty-seven percent of major workplace welfare platforms have raised £ 1.6 million in seed funding to accelerate their expansion. 87% use clinical data to drive insights that both individuals and businesses can act to improve and strengthen the foundation of well-being.

At the beginning of the COVID-19 pandemic, the platform focused its efforts on supporting frontline staff as the well-being of people in this highly pressured sector was compromised. A total of more than 45,000 paramedics now have access to the platform through a series of partnerships with healthcare services such as the University of Emergency Medicine, Royal College of Emergency Medicine, Air Ambulance UK, NHS Practitioner Health, and London Emergency Services. rice field.

This work is rapidly expanding to international support in the commercial and other sectors that require similar services among employees, including home brands in the media, marketing, logistics, veterinary and housing sectors. Ready to serve. Since the pandemic began, the total number of users has increased by more than 4000%, and the annual compound interest growth rate of 87% has skyrocketed to 400%, increasing the high demand for investment in the next stage of the company’s expansion.

The latest funding round took place in just 14 days and was purely secured by existing and previously interested shareholders. With additional capital, 87% will secure the services of specialists, including two senior names from the welfare world, to develop educational capabilities and user experience, and digital services with various channels to promote sales. Magnify to device. ..

Founded in 2017 by former Ladbrokes CEO Richard Glynn, a special trustee at Great Ormond Street Hospital Children’s Charity, and run by a team of psychologists and technicians, 87% have been sophisticated and clinically validated. We use measurements to provide individuals with a means of understanding and coping with them. And strengthen their mental health. Customized tools and content, daily exercise and reflection, and nudge theory techniques promote healthy habits that build mental health as part of daily life. Personalized coaching in a safe environment provides a means to develop lasting welfare skills for a wide range of workforces, and those that indicate areas of focus are automatically labeled to support services.

By analyzing emotional and behavioral tendencies among staff, 87% work with organizations to make informed decisions about targeted welfare strategies and measure their effectiveness against ongoing data. Prove the effectiveness. Research and insights facilitate continuous improvement, and organizations also benefit from the full range of digital and physical health programs offered by a team of clinical psychologists. These include e-learning modules, professional webins, organizational culture and design consultants based on data-derived areas of needs.

Meanwhile, 87% have secured additional funding from the Aviva Foundation to implement new comprehensive solutions for small businesses to improve workplace mental health. Eighty-seven percent of the original data in the first phase of the pandemic showed the impact of the virus on employees’ personal and work lives. For example, women are 81% more likely to suffer from fatigue and 89% more likely to suffer from anxiety than men. The importance of such data and insights encouraged Aviva to assist SMEs, who often do not have access to such support.

87% founder and chairman Richard Grin commented:

“At 87%, we believe that building a foundation for mental fitness is an important part of our daily lives. Without a strong foundation, when the wind of change opposes us, we all We struggle to realize our potential or recover quickly. The data at the heart of our proposals can make this concrete for users and businesses. Whether you benefit from better concentration and performance, which increases your sense of fulfillment in your life, or whether your business gets more from its staff through increased productivity and efficiency, our measurements take the right action. This funding is a testament to the team’s efforts over the last 18 months and is the way to further realize our vision of improving the mental health of society in percentage. Will open. “


Notes to editors:

For media inquiries, please contact:

James Gwinnett
Marketing and Communication Director
E: [email protected]
M: +44 (0) 7590 267697

About 87%:

Based on the principle that only 13% of adults report living on high levels of mental health, 87% improve employee mental health and indirectly through society in general through increased engagement and productivity. It is a mental health platform whose vision is to bring about profits. Its methodology is built on years of scientific research and uses algorithms to evaluate thousands of data points, including behavioral activity and environmental data. From here, mental health is divided into seven different dimensions that reflect everyday life, and customizable apps are proven technologies that ensure that users build resilience and self-awareness for best results. To provide.

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87% Secure £ 1.6m Seed Investment from Aviva Foundation – UK Tech Investment News

Source link 87% Secure £ 1.6m Seed Investment from Aviva Foundation – UK Tech Investment News

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