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- AI Health Data Raises $3.5M & Mental Health's $25M Shake-Up!
AI Health Data Raises $3.5M & Mental Health's $25M Shake-Up!
Plus, Is Exercise the Real Antidepressant for 2025?
Jean-Michel Van
December 22, 2024
Hey there, wellness mental health trailblazers!
Welcome to this month's Mindtech Bytes, your go-to source for the latest in mental health tech and AI innovation.
Let's dive into what's making waves in the world of digital wellness as we wrap up 2024!
What's new today?
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This Week's Highlights.
AI-Powered Health Data Startup Secures Funding
Spike, a Lithuanian B2B data tech startup, has successfully closed an oversubscribed $3.5 million Seed round. The company offers healthcare and digital health businesses a solution for safely, efficiently, and compliantly incorporating AI into their applications.
New Mental Health Fund Launches in the UK
KHP Ventures is raising a £20 million ($25.5 million) fund specifically aimed at accelerating startups addressing depression, anxiety, and psychosis.
Wellcome, a charitable foundation, is supporting the fund as its anchor investor, committing £8 million ($10.2 million)
Global Health Spending Trends
The 2024 Global Heath Expenditure Report by the World Health Organization (WHO) shows that the average per capita government spending on health in all country income groups fell in 2022 from 2021 after a surge in the early pandemic years.
Who's Disrupting Healthcare This Week?
Spike: Raised $3.5 million in Seed funding to develop AI-powered health data solutions
KHP Ventures: Launching a £20 million fund for mental health startups
Abridge: Announced an additional $150 million investment for their generative AI clinical documentation platform
Limbic: A London-based mental health AI company, raised $14 million in a funding round led by Khosla Ventures
Ambience Healthcare: Raised $70 million in a Series B funding round to "give every healthcare worker AI superpower technology"
Quick Hit: A great year 2024 for Mental health
Workplace Mental Health
A mental health pandemic is engulfing the world's workplaces, with financial services among the hardest-hit sectors. About 12 billion working days are lost to depression and anxiety each year, costing the global economy $1 trillion
Fitness Trends for 2025
2024 was a great year for health and wellness, with exercise being proven to be more effective than anti-depressants in improving mental health.
This trend is expected to continue into 2025!
Mental Health Trivia Challenge 🧠
Test your knowledge with this week's question!
Which neurotransmitter is often called the "feel-good chemical" and is associated with pleasure, reward, and well-being? Answer below
A) Melatonin
B) Dopamine
C) Cortisol
D) Adrenaline
Join us next week for another mental health fact!
Resources
🔎 Browse companies in our Wellness / Mental Health company Database!
💰 Raising money? Check out our database of Wellness Funds, Investors and Business Angels in the space.
(Answer: B)