According to the WHO, mental health disorders affect 1 in 4 people. The global workplace wellness industry was valued at $48B (approx €39.5B) in 2017, with estimates that it will surpass $66B (approx €54B) by 2022.
A 2019 Deloitte study shows that for every £1 a company spends on its employees’ mental health delivers a £5 return on investment, an ROI of (5:1).
Raised €1M funding
In this regard, Frankie Health, a Dublin-based mental health platform that delivers personalised mental healthcare to modern teams secured a $1.25M (approx €1M) funding. This brings its total funding to $1.5M (approx €1.2M).
With the funding, the company is planning to add 20 members to the team across engineering, design, and marketing departments in the next 12 months.
Offers evidence-based exercises
Founded by James McGann, and Seb Poole in 2020, the Frankie Health works to reduce anxiety, burnout, and stress by using a preventative approach with virtual delivery. Notably, the company offers personalised, clinical, evidence-based exercises to build mental resilience when greater support is needed.
Dublin-born Co-Founder, James McGann says “Mental health is a spectrum that we all move up and down on. When employees are feeling good, they can be building resilience by completing proven-exercises that develop mental strength. And when harder times come, employees should get immediate support from the highest quality sources.”
Personalised mental health care journeys
Frankie Health develops personalised mental health care journeys for each employee, in three steps:
- Understand the employee
- Connect the employee with the right care
- Grow the personal care journey by learning from the data gathered.
Furthermore, the platform allows workers to connect to experienced therapists that can be accessed from home or the office. The Dublin-based company uses end-to-end encryption for privacy and machine learning to improve effectiveness. The platform can be integrated into various tools including Slack, Google, and, many more.
Seb Poole, Co-Founder of Frankie Health, says, “Frankie is an intelligent solution that connects employees with the right care at the right time. Through integrating with popular business tools to automatically detect signs of stress, Frankie offers personalised methods of support.”