VC Fund Investments
Mental health app Wysa raises $20-M from HealthQuad, BII, others
Bangalore-based artificial intelligence (AI)-powered mental health app Wysa has raised USD 20 million in a Series B funding round led by HealthQuad. British International Investment (BII) also participated in this round, along with existing investors Google Assistant Investments, W Health Ventures, Kae Capital, and pi Ventures. The funds will be used to expand the company's domestic presence, as well as presence in the US and the UK. The seven-year-old Wysa will also hire across business divisions. Bengaluru-based Wysa relies on AI-powered bot to help customers manage their anxiety, sleep or if they need to talk to a therapist. It also offers evidence-based Cognitive Behavioural Therapy (CBT) exercises within the app.
Between Jul-17 and May-21, Wysa had raised over USD 8.5 M from Pi Ventures, Kae Capital, Google, Others
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