Wysa raises $20 million to expand its therapist chatbot into a wider set of mental health services

Wysa raises $20 million to expand its therapist chatbot into a wider set of mental health services

2 years ago
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https://techcrunch.com/2022/07/14/wysa-20-million-series-b-funding-expand-therapist-chatbot-wider-mental-health-services/

Wysa, a popular mental health app originally founded in India around an AI chatbot that helps users talk through their feelings, has raised $20 million in a Series B funding round to expand its business on the heels of hitting 4.5 million users in 65 countries.

The all-equity round is led by India’s digital health-focused venture capital fund HealthQuad, with participation also from British International Investment (BII), the U.K.’s development finance institution. The plan will be to use the money to double down on its home market as well as the U.S. and U.K, where it already has respectively had approvals from the FDA and the National Health Service (NHS) and is used by the latter as part of its online mental health services. Originally built to work in English, Wysa will use some of the investment also to widen multilingual support. The team currently has 100–150 people.