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MyMynd secures £650,000 for place of work psychological well being intervention platform

MyMynd, the psychological well being platform for staff, has won £650,000 in pre-seed investment.

The investment got here in from buyers together with Triple Level Ventures and angel buyers together with Andrew Nadin, Southeastern Grocer’s Leader Buyer and Virtual Officer; Maurice Abboudi, serial hospitality entrepreneur and investor on BBC 2’s ‘My Million Pound Menu’; and Will Jones, founding father of on-line bookstall Wordery.

MyMynd supplies workers with a virtual platform in which they may be able to get admission to psychological well being checks according to clinically validated equipment. Those checks allow workers to get an in depth working out in their psychological well being dangers and wellbeing, and customers are guided towards assets related to their must toughen their talent to manage. The platform’s proprietary set of rules can discover the ones experiencing difficulties and MyMynd’s group of educated responders supply additional steerage and improve.

Senior officers on the NHS Confederation and the Royal School of Psychiatrists not too long ago introduced that hundreds of thousands face a ‘2d pandemic’ of psychological well being problems brought about by means of trauma, prolonged isolation, and fiscal force. The Psychological Well being Basis, a psychological well being charity, has estimated psychological sickness these days prices the United Kingdom economic system as much as £100bn via misplaced productiveness.

MyMynd is already being utilized by the NHS, the place team of workers have taken 8m psychological well being unwell days prior to now 5 years and document feeling “brutalised” by means of excessive workload. The psychological well being platform now has partnerships in position with a lot of NHS Trusts in addition to departments inside of NHS England & NHS Development.

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The corporate used to be co-founded by means of CEO Henry Majed, who’s a Visiting Fellow at Skoll Centre for Social Entrepreneurship, Mentioned Trade College, (College of Oxford) and consultant to the International Well being Organisation (WHO); and Leader Product Officer Leon Rodin, who has a management background within the public sector, charity and EdTech.

The corporate additionally has an all-star advisory board together with Tim Golding, ex-Operations Director at Tesco; Abishek Varadarajan, Product Supervisor at Meta; Saul Betmead de Chasteigner, former CMO on the UN International Meals Programme; Nicola McConnville, Spouse at legislation company Taylor Vinters; and Benjamin Chilcott, ex-World Govt Board Director, Iris International.

Majed stated: “Isolation and uncertainty have amplified a silent psychological well being disaster in workforces throughout all sectors. Unfortunately, hundreds of thousands are extra susceptible, much less ready to manage and at larger possibility of burnout.

“For employers, this can be a difficult state of affairs. How do you improve folks with out understanding who’s struggling? How will we get forward of psychological well being and wellbeing and intrude ahead of folks succeed in a disaster or goal assets and improve? MyMynd is converting this: it’s proactive, it’s customized, and it really works. What makes us stand out is the dimensions of engagement and have an effect on we’re already having, with our purchasers telling us that as much as 70% in their workers use our provider in comparison to 1% – 5% for different services and products”.

Chris Lascelles, Investor at Triple Level Ventures, stated: “The psychological well being disaster right here in the United Kingdom is an increasingly more critical factor. Unfortunately, it’s now not been one that businesses were ready to unravel with a lot luck so far. That’s why MyMynd is so thrilling: Their engagement numbers are incredible for this type of software, which is a testomony to its effectiveness. It is a in point of fact purpose-led industry – and we expect it has large doable.”

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MyMynd plans to make use of the budget to enlarge its group to improve expansion, meet call for, and scale its have an effect on with workers throughout the United Kingdom.