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Headversity was launched following a $1-million seed round and due to its success has recently been able to raise another $2.25 million led by Birchcliff Partners, along with a group of private investors.
The app has been propelled by the rising need during the COVID-19 pandemic — it now touches 300,000 lives in more than 15 industries in eight countries.
“We were seeing mental-health needs in the workplace well before 2020 but, with what’s happened in the world this year, the push to digital has accelerated. There’s now widespread understanding in the business community that the issue of mental health touches all employees, and supports need to be digital and proactive, so there’s a massive opportunity for disruption in this space,” says Todd.
“Despite a pandemic and down economy, investor interest was overwhelming when we went out to raise this new round of capital. There is a lot of excitement about our space and how we are uniquely positioned to lead this new frontier of workplace mental well-being.”
Headversity chief marketing officer Steven Gramlich says the $2.25 million will be used to build out the company’s growing team in Calgary, to expand market presence in the U.S. and in Eastern Canada, and also for product, where it is looking to bolster predictive capabilities through artificial intelligence.
Locally, headversity works with a growing number of organizations, including Shell, Enmax, ATB Financial, NAIT and SAIT.