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Oliva, a healthtech platform providing specialist, on-demand psychological well being and wellbeing help to staff, has at present introduced a €5 million fundraise in a spherical led by Molten Ventures and joined by present buyers Stride VC and new backers Alumni Ventures. Angels together with Kieran Flanagan, CMO at Zapier, additionally participated.
The elevate follows a 12 months the place Oliva doubled the scale of its staff, elevated its community of therapists from 50 to over 250, and grew revenues by over 300% year-on-year. The funding will allow Oliva to develop its community of expert therapists, launch in new markets and languages, develop their pioneering ‘Oliva Care Mannequin’, and leverage AI to boost their human-to-human on-line care journeys. These developments will allow extra workers world wide to entry bespoke, human-led psychological well being experience.
Based in 2020 by Javier Suarez, beforehand co-founder of TravelPerk, and Sançar Sahin, beforehand VP Advertising of Hotjar and Typeform, Oliva companions with employers to enhance office cultures and guarantee their groups can entry psychological well being and wellbeing help suited to their particular person wants.
Each Javier and his co-founder Sançar skilled psychological well being struggles and burnout while main groups at high-growth startups. This primary-hand expertise impressed them to create a platform that would offer best-in-class help for people, in addition to the partnership, insights and steering wanted for firms intent on strengthening firm tradition.
Oliva works intently with employers to create and launch profitable methods to enhance office wellbeing, they can enhance workers happiness and retention, in addition to enhance productiveness.
For particular person staff members, the platform unlocks a wide-array of evidence-based psychological intervention; from on-demand remedy and training, to group workshops, personalised self-guided content material and unique talks. Over 12 forms of therapies can be found through the platform, designed to supply the proactive and reactive help wanted to assist individuals sort out points such nervousness, burnout or despair.
This elevate brings Oliva’s whole funding to €13m ($14m/£11m) so far. Oliva will be a part of firms together with Revolut and Trustpilot within the Molten Ventures portfolio.
Oliva is already utilized in over 27 international locations worldwide and is at the moment obtainable in 14 languages, with present clients together with Marshmallow, Maze and Leapsome. This funding will allow growth into new markets, together with extra US states, and the introduction of recent languages together with Croatian, Serbian and Dutch.
The newest funding may also allow Oliva to additional develop its community of 250 specialist therapists, and double down on the evolution of their in-house Oliva Care Mannequin. Led by the platform’s Chief Scientific Officer and main cognitive behavioural therapist, Dr. Sarah Bateup, this mannequin allows customers to be guided in direction of a bespoke package deal of human-led intervention or help for his or her particular person wants, with that route in a position to dynamically adapt based mostly on outcomes.
The funding may also be used to launch an Oliva app – enabling customers to entry help wherever they’re – and construct out extra product options to enhance the person expertise for employees, HR groups, and practitioners alike. This may embody incorporating AI performance to boost their human-led service, comparable to automating notice taking so therapists can deal with care.
Javier Suarez, co-founder and CEO of Oliva, feedback: “From the very starting, our imaginative and prescient for Oliva has been clear: to be Europe’s most complete and clinically validated office psychological well being platform. Firms working with Oliva get greater than a platform – they get a full-scale partnership for his or her worker psychological well being technique. And for workers – they don’t get brief modified by a system powered by bots. We provide evidence-led, human-centric help methods which are tailor-made to their particular person wants.
“We’re grateful for the belief and help our buyers have proven us to this point, permitting us to proceed making strides, and look ahead to accelerating that with our new and present buyers.”
Dr Inga Deakin, Principal at Molten Ventures, added: “Poor psychological well being has a large impression on employers and wider society. We have now a possibility to develop entry to psychological well being help and early intervention past the same old constructions of healthcare techniques. Molten are proud to again the staff at Oliva. They’re world-class repeat entrepreneurs, they usually have the expertise and capabilities to sort out challenges round psychological well being and supply a way to assist many individuals world wide.
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