French mental health startup Moka.care has raised a €15m Series A — and it’s got some big names on its cap table.
What does it do? Moka.care’s platform connects employees to psychologists, coaches and therapists who can help them with issues like work-life balance, burnout and stress management. Its 100+ clients include Spendesk, Qonto and L’Oréal.
The investors: This is the juicy bit — Moka.care’s investors include American VCs and celebrities.
- American firm Left Lane Capital led the round
- Singular VC, a Paris-based firm which launched last year, also participated
- Sporting legends Blaise Matuidi and Antoine Griezmann, both French footballers, and Antoine Dupont, captain of the French rugby team, got involved too
The market:
- There are now hundreds of mental health startups in Europe. So far this year they have raised $253m, according to Dealroom
- Other notable startups include Berlin and Munich-based competitor nilo.health, which announced an $8m funding round led by Speedinvest on Monday, and UK-based employee mental health platform Oliva Health, which raised a €5.8m seed round from Stride.vc and Moonfire Ventures in March
What’s next: We doubt footballers will stop writing angel cheques anytime soon, but we’re less sure that they will continue writing them into mental health startups.
Sifted’s take: As startups are urged by investors to increase their runway and cut down on cash burn, we expect “perks” like mental health apps might get cut.
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