Zenklub raises $2.8 million to tackle the pandemic's mental fallout

By Stewart Rogers Stewart Rogers has been verified by Muck Rack's editorial team
Published on May 19, 2020

One of the biggest challenges during the COVID-19 pandemic is managing people’s mental health.

Today Zenklub – an emotional health, and well-being platform – has announced a $2.8 million seed round led by Lisbon-based Indico Capital Partners with Spanish fund All Iron participating alongside Portugal’s 200M equity financing facility. Indico Capital Partners had led Zenklub’s pre-seed round precisely a year ago.

The Zenklub platform provides online therapy sessions with more than 500 specialists, such as psychologists, psychoanalysts, coaches, and holistic therapists. It includes emotional education content and self-awareness journeys in different fields of life, such as family, personal development, work, or love.

Specialists have a full suite of software tools that enable them to book, manage, and invoice their marketplace clients, which in turn rate them according to the provided quality of service.

For Rui Brandão, medical doctor and CEO of Zenklub, self-awareness is a continuous process that people are waking up to. “We are an emotional health ecosystem, from content journeys to 1:1 sessions with specialists, so that every one of us can pursue their emotional journey.”

This round will enable the startup to consolidate itself as the number one emotional health player in Brazil, to expand the company’s product offering to employees and HR departments through an exclusive platform, and increase the sales and account management teams.

“There is an unprecedented phenomenon happening all over the world,” Brandão said. “The COVID-19 crisis has drastically changed the behavior of people and businesses. The demand for emotional health has grown, and emotional health professionals in the segment are not accessible to a large part of the population or are not available in insurance plans. At the same time, companies understand that their core business is people. Taking care of their emotional health is paramount for the survival of businesses as a whole.”

The company is primarily focused on the Brazilian market, but they will be testing new markets such as Portugal. With operations between São Paulo, Brazil, and Lisbon, Portugal, the startup will continue to invest heavily in product and engineering, foreseeing the recruitment of 40 professionals following this round of investment.

By Stewart Rogers Stewart Rogers has been verified by Muck Rack's editorial team

Journalist verified by Muck Rack verified

Stewart Rogers is a Senior Editor at Grit Daily. He has over 25 years of experience in sales, marketing, managing, and mentoring in tech. He is a journalist, author, and speaker on AI, AR/VR, blockchain, and other emerging technology industries. A former Analyst-at-large VentureBeat, Rogers keynotes on mental health in the tech industry around the world. Prior to VentureBeat, Rogers ran a number of successful software companies and held global roles in sales and marketing for businesses in the U.S., Canada, Australia, and the U.K.A digital nomad with no fixed abode, Rogers emcees major tech events online and across the globe and is a co-founder at Badass Empire, a startup that helps digital professionals tap into their inner badass, in addition to being Editor-in-Chief at Dataconomy, a publication and community focused on data science, AI, machine learning, and other related topics.

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