Intellect Analysis: $10M Raised
What is Intellect?
Intellect provides mental health benefits for employers and members across 100 countries and 120 plus languages. Its offering combines self-guided programs, coaching, helpline support, therapy, clinics, and consulting under one brand. The company says it serves more than 4 million members and publishes impact studies showing measurable improvements in anxiety, resilience, and employee turnover.
Location
171 Tras Street, Singapore, 079025, Singapore
Employees
201-500
Founded
2020
Revenue
$128.6M
Product Features & Capabilities
- self-care app and skill-building programmes, licensed psychologists and 24/7 EAP services, certified behavioural health coaches and counsellors, access to providers in 120+ languages and 100+ countries
Pricing
- Monthly Package: S$9.90 per month
- Annual Package: S$99.90 per year
How much Intellect raised
1: - US$10 million
January 25, 2022Lead Investor: HOF Capital, Headline, East Ventures, MS&AD Ventures, DG Daiwa Ventures, Pioneer Fund
Competitors Overview
Intellect's main competitors in the hyperlocal mental healthcare market include:
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Thoughtfull: A digital mental health company that offers a mobile app providing online therapy, learning tools, and a wellness hotline. It focuses on enhancing Employee Assistance Programs (EAPs) and serves organizations and insurers. Founded in 2019 in Singapore, Thoughtfull integrates mental health services within healthcare and technology sectors.
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Ooca: An online platform based in Bangkok, Thailand, that provides access to psychiatrists and psychologists for video consultations, along with a medication delivery service and workshops. Founded in 2017, Ooca emphasizes confidentiality and convenience, particularly for youth mental health.
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Naluri: A digital health company that offers comprehensive health and wellness solutions, including EAPs and chronic disease management. Founded in 2017 in Singapore, Naluri aims to improve both mental and physical health for employers, insurers, and individuals.
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Neeuro: Specializes in mental wellness technology and is based in Singapore. Founded in 2013, it focuses on digital health solutions with a small team.
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WhiteCoat Holdings: Provides a digital healthcare platform for on-demand telehealth services, utilizing data-driven technology. It is also based in Singapore.
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Flow Lab: Known for its personalized training app aimed at supporting mental and emotional health, headquartered in Berlin, Germany.
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KeepAppy: A mental health tracking app based in Dublin, Ireland, with a very small workforce.
Notable differences include Thoughtfull's focus on enhancing EAPs, Ooca's emphasis on video consultations, and Naluri's comprehensive approach to both mental and physical health solutions. Other competitors like WhiteCoat focus on telehealth services, while Flow Lab offers personalized training, providing unique advantages in their respective niches.
Investors
- Tiger Global Management
- Insignia Ventures Partners
- Sequoia Capital India
- 500 Startups
Market Focus
Intellect primarily focuses on the mental health care industry, providing evidence-based and hyperlocalized solutions for organizations and individuals to enhance mental wellbeing.
Business Model
B2B partnerships for mental health benefits; revenue from subscriptions by clients and users.
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