mentalport
Seed
Co-Investors: 1
Kaiserslautern, GER
Most companies inadequately manage mental health, treating it as an optional benefit rather than a vital and legally binding component of value creation. This results in significant financial losses from mental health-related absences, low employee engagement, and non-compliance with legal requirements. Notably, many companies in 14 EU countries fail to meet the mandatory Psychosocial Risk Assessment (PRA) standards, leaving them vulnerable to substantial fines and operational inefficiencies.
Mentalport offers a comprehensive AI-powered software platform for holistic mental health management in companies. The solution includes a mobile app for employees that provides personalized and anonymous assessments of legally required psychosocial risk evaluations (PRA) and integrates mental health support through biofeedback and AI-driven coaching. For employers, it ensures real-time compliance with PRA regulations while offering tools to improve employee well-being and retention. The highly efficient and scalable platform is 90% more cost-effective and 15 times faster than traditional methods, delivering both legal compliance and actionable insights.
Mentalport offers the first comprehensive solution that integrates regulatory compliance with mental health management at both the employee and employer levels. The platform not only ensures significant cost savings (an average of EUR 34K per 100 employees) and legal security, but also enhances employee well-being, making it an essential tool for companies looking to proactively manage mental health.
Monetization is achieved through fixed monthly subscription fees, charges for additional coaching sessions, and upselling via more detailed insights and enhanced services. The platform is designed for companies of all sizes, offering a user-friendly pricing model with a focus on scalability through a “land and expand” strategy.
The solution can already be utilized by companies with as few as one employee, in full compliance with regulatory requirements. The figures provided are based on costs associated with absenteeism, employee turnover, performance losses, and compliance.
The digital health market is projected to experience a compound annual growth rate (CAGR) of 27.1% through 2028.
Even though the official and public product launch was in June 2024, the company has shown impressive early traction with a strong sales pipeline valued at over EUR 13 M in Annual Contract Value (ACV).
Annual Recurring Revenues (ARR):
Mentalport targets companies with 500 to 1,000 employees and anticipates a sales cycle ranging from 3 to 10 months, depending on the size of the company.
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