• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • COVID-19
  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • Artificial Intelligence
    • Blockchain
    • Mobile Health
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Lifespeak Lands $42M for Digital Mental Health and Wellness Platform

by Fred Pennic 09/15/2020 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Lifespeak Lands $42M for Digital Mental Health and Wellness Platform

What You Should Know:

– Toronto-based digital mental health and wellness platform, LifeSpeak raises $42M CAD in minority equity investment to accelerate its global growth trajectory.

– The platform, offered remotely to employees and health plan members, covers topics such as preventative health, mental health (including depression, anxiety, addiction, isolation, suicide, etc.), marital and relationship advice, parenting, and eldercare.


LifeSpeak Inc., a Toronto, ON-based digital education platform for employee mental health and wellness, today announced a $42 million CAD minority equity investment from Round13 Growth Fund, Kensington Capital Partners, and Roynat Capital. LifeSpeak is raising its first institutional funding round to accelerate its global growth trajectory. 

Addressing Employees’ Total Well-Being

LifeSpeak’s software-as-a-service (“SaaS”) platform of more than 2,000 video training sessions, podcasts, tip sheets and other proprietary content is unique in the market having been screened, vetted and curated from acclaimed experts spanning leading authors and heads of best-in-class institutions.   Core to the product is a technology-led approach to engagement, training and communication that helps LifeSpeak achieve industry-leading utilization metrics. The platform, offered remotely to employees and health plan members, covers topics such as preventative health, mental health (including depression, anxiety, addiction, isolation, suicide, etc.), marital and relationship advice, parenting and eldercare. 

COVID-19 Underscores Rise in Mental Health Issues

Market demand for remote, technology-based mental health and wellness solutions has grown substantially in recent years.  Awareness of mental health issues from anxiety and stress to suicide risk has further accelerated with the onset of COVID-19, particularly with an increasingly remote workforce.

Recent Traction

Since its founding in 2004, LifeSpeak has established itself as a trusted digital health provider for hundreds of North America’s leading companies across 25 industries, including financial institutions, technology, telecommunication, energy, manufacturing, as well as a large public sector presence covering governments, municipalities, hospitals and school boards. 

“The current health crisis has highlighted the difficulty organizations face in addressing the needs of the anxious, remote workforce,” said Michael Held, Founder and CEO of LifeSpeak. “We’re excited to partner with our new investors to dramatically expand access to LifeSpeak’s platform across health plans and employers. Addressing depression, anxiety, addiction, and other health issues enhances employee well-being and strengthens corporate culture and productivity. Building resilience enables companies to support employees in the face of everyday stress, as well as equipping them to better handle an acute crisis such as the COVID-19 pandemic.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Behavioral Health, Mental Health

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Knowledge Hub

10 Critical KPIs Every Successful Healthcare Organization is Implementing10 Critical KPIs Every Successful Healthcare Organization is Implementing

How to Build Hybrid Care Models Around Remote Patient Monitoring

How to Build Hybrid Care Models Around Remote Patient Monitoring

Most Popular

M&A: Florence Acquires Virtual Care Solution Zipnosis

M&A: Florence Acquires Virtual Care Solution Zipnosis

Adopting Value-Based Care Models for Autism Care Is Imperative

Why Adopting Value-Based Care Models for Autism Care Is Imperative

UNC Health to Pilot Epic, Microsoft’s Generative AI Tool

UNC Health to Pilot Epic, Microsoft’s Generative AI Tool

Vanderbilt University Medical Center Taps Philips Reduce Carbon Footprint

Vanderbilt University Medical Center Taps Philips to Reduce Carbon Footprint

Denials Management Named Most Time-Consuming Task in RCM

Denials Management Named Most Time-Consuming Task in RCM

How AI Can Eliminate Surprise Bills, Improve Payment Integrity

AI Can Eliminate Surprise Bills, Improve Payment Integrity

Q/A: IQVIA’s Global Lead Talks Unlocking AI for Drug Repurposing

M&A: Kaiser Acquires Geisinger, Forms Risant Health

5 Executives Weigh in on VBC Impact on Kaiser/Geisinger Deal

Digital Health Executive Hires & Departures

Digital Health Executive Hires & Departures: Ed Marx Departure, Particle Health CEO, Rhapsody CFO, Others

Catalyst by Wellstar Launches $100M Digital Health Venture Fund

Catalyst by Wellstar Launches $100M Digital Health Venture Fund

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • 2023 Editorial Calendar
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2023. HIT Consultant Media. All Rights Reserved. Privacy Policy |