Madrid-based ifeel, an emotional well-being platform for companies, announced that it has secured €10M in a Series A round of funding led by UNIQA Ventures.
Nauta Capital and other investors also participated in the round.
ifeel says it will use the funds to expand the business into new markets, introduce new products, and increase sales capabilities. To date, the Spanish company has raised €18M in funding.
Founded in 2017, ifeel is an emotional well-being service for companies and employees.
The platform has combined data analytics and clinical research by psychologists to provide employees with a new way to manage their emotional well-being, from self-care to therapy sessions.
ifeel also enables individuals to access different resources depending on their needs and interests: articles on health-related topics, an emotions diary, audio guides, and tools to facilitate relaxation or meditation.
Additionally, they can also speak directly to professional psychologists or initiate an online therapy session through the service.
With over 800,000 users and 600 therapists, the company provides coverage in 23 countries and 21 languages.
Further, the platform offers corporations an annual emotional support plan, combining prevention, monitoring, and individual exercises with specialized therapists.
The service provides H.R. managers with information on employee psychological well-being and is used by AXA Partners, SCOR SE, Glovo, Travelperk, Gympass, Thoughtworks, González Byass, amongst others.
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