Mental health startup Nivati Secures $4m seed round to scale its platform

Nivati, a holistic mental health platform for employees, announced an oversubscribed seed round of $4 million led by FireBrand Ventures, with participation from Peak and Access Venture Partners.

In addition to Nivati's highly-rated clinical therapy offering, Nivati is set to launch a curated content marketplace that will provide tools and support in new areas empirically linked to mental wellness. This expansion follows an overwhelmingly successful response to the newly added sleep and financial wellbeing resources.

Nivati's core focus is increasing accessibility to quality employee mental health support services. According to the American Psychological Association, people in 2022 will feel less able to manage their stress, with over 41% of respondents reporting symptoms of anxiety and depression. With average wait times for talk therapy through insurance and EAPs currently at 5-8 weeks, Nivati is tackling this problem head-on.

Amelia Wilcox, Founder and CEO, Nivati: "What we've learned is that mental health is not a one-size-fits-all solution–people have a variety of life factors that negatively affect their mental health, which require a variety of solutions. To really tackle this problem, it demands more resources than just access to therapy, and we are excited to be the first to start bringing these solutions together."

Nivati's blend of one-on-one sessions and self-service tools creates a more holistic and personalized approach to mental health for employees. Each Nivati member can discover customized solutions for their specific needs, build a custom plan, and tackle personal challenges to improve mental fitness with tools from financial wellbeing to nutrition to clinical therapy.

Chris Marks, Managing Director, Firebrand Ventures: "Firebrand was drawn to Nivati by the uniquely well-rounded approach they are taking to mental health and we believe this is more important now than ever. They're driven to help people improve their mental wellness and this new round of funding will help Nivati continue to provide employees and their families with the exact type of mental health support they need, when they need it."

Nivati's mental health solution includes virtual therapy, meditation, yoga, sleep, finance, fitness, massage, life coaching, financial wellness, and nutrition content - all provided live and on-demand. This funding will allow Nivati to increase their team in engineering, sales, and product and expand their expert content providers

www.nivati.com