Bengaluru based mental health startup Wysa raises $5.5 mn in Series A funding

Mental health startup Wysa has managed to raise $5.5 million in its Series A round of funding. The round was led by Boston-based investor W Health Ventures. Other major participants in the Series A round of funding for the AI-powered mental health startup were Google Assistant Investment program, and existing investors pi Ventures and Kae Capital.

Wysa stated that it will use the amount raised to support its offering to employers who are interested in expanding their mental health benefits. The firm will also use the funds to scale up Wysa's sales team and therapist network.

The startup had conducted pre-Series A funding in 2019 led by pi Ventures along with Kae Capital and others. With the addition of the amount raised from the latest round of funding, the Boston and Bengaluru-based startup has raised nearly $9 million in funding till now.

Wysa's internal data stated that 60% of the working population struggles with negative thoughts, anxiety, isolation or sleep issues. They prefer to deal with these problems themselves rather than seeking clinical help. To such individuals, Wysa offers a clinically approved, responsive, AI-guided safe space that listens like a person, and scales like a product.