Workplace wellbeing company Unmind announced Thursday it acquired Dublin-based employee mental healthcare platform Frankie Health.
Alongside the deal, the company launched Unmind Talk, an offering based on Frankie Health’s global network of mental health providers. Unmind Talk offers employees a personalized number of sessions with professional mental health providers along with Unmind’s existing digital tools.
Employers will have access to anonymized data including analytics on employee turnover, decreased mental health and absenteeism.
Frankie Health’s cofounders James McGann and Seb Poole will join Unmind alongside the rest of the company’s workforce.
“Today marks a significant milestone in the Unmind journey,” Unmind CEO and cofounder Dr. Nick Taylor said in a statement. “Unmind will always advocate that prevention is better than cure, but in order to fulfill our vision and become the most trusted and effective global partner for transforming organizational and employee mental health, we must do more. From the very first days of Unmind, we knew we could drive change by combining the best of science with scalable digital tools. Extending that further by integrating expert human services allows us to fully support our members through the flow of care, giving them frictionless access to quality practitioners from around the world.”
THE LARGER TREND
In 2021, Unmind garnered $47 million in Series B funding about a year after it scored $10 million in a Series A funding round.
There are a number of other companies in the employer-focused mental health space. Meditation app Calm recently announced Calm Health, a new product offered through traditional healthcare industry players, such as self-insured employers.
Earlier this week, Headspace Health said it would expand its care services to companies headquartered outside the U.S. this year, starting in the U.K.
Others include Singapore-based MindFi, Modern Health and Lyra Health.