ThoughtFull will get $4M funding from Temasek’s Sheares, different tech founders

Singapore-based digital psychological well being firm ThoughtFull has raised $4 million in a pre-Sequence A funding spherical led by Sheares Healthcare Group, a healthcare-focused funding entity below Temasek. The spherical was additionally joined by Vulpes Funding Administration, The Hive Southeast Asia, and founding members of tech giants, comparable to Seize and Zalora.

The corporate gives companies, insurers, and healthcare professionals round Asia end-to-end psychological healthcare by its digital platforms.

Its cell app ThoughtFullChat gives a spread of personalised psychological healthcare companies together with personalised content material, progress monitoring instruments, skilled psychological well being assist and training through textual content and video chat.

It additionally has a provider-facing platform known as ThoughtFullChat Professional which gives psychological well being professionals with entry to insights and information to scale their follow.

To this point, ThoughtFull has customers in 95 areas worldwide whereas its community of psychological well being professionals now spans 57 areas throughout Asia. 

WHAT IT’S FOR

Based mostly on a press assertion, ThoughtFull plans to make use of its recent funds to additional increase throughout Asia and deepen its choices throughout the complete affected person journey. It should additionally use its new funds to conduct additional scientific analysis within the area to supply extra Asia-focused insights for personalised psychological healthcare.

ThoughtFull has been serving to deal with the rising demand for psychological well being and psychological wellness options throughout Asia. Final 12 months, it tied up with AIA Malaysia to supply end-to-end on-line psychological well being assist as a part of the insurer’s Company Options portfolio. By the tip of 2022, ThoughtFull secured a partnership with one other insurer, FWD, to supply its purchasers in Hong Kong and Thailand with entry to digital psychological well being options. 

MARKET SNAPSHOT

Different psychological well being startups throughout Asia have additionally attracted investments for his or her expansions for the reason that begin of the brand new 12 months. Thoughts Cafe, the psychological healthcare platform of Atommerce from South Korea, is now constructing its psychological well being ecosystem utilizing nearly $5 million in strategic investments it acquired from Lotte Healthcare and Samsung Enterprise Funding in January.

Simply final month, Thai startup Ooca obtained undisclosed funding from Bangkok Dusit Medical Providers, one in every of Thailand’s largest healthcare suppliers, to increase its on-line psychological well being companies throughout the complete affected person journey.