Mindset Health has scooped up $12 million in a Series A funding round led by King River Capital. The round was also joined by Tenmile, Yard Ventures, WordPress founder Matt Mullenweg, Linktree founders Anthony Zaccaria and Nick Humphreys, and Banana Capital, among others.
Launched in 2018, the company develops a range of hypnosis-based DTx apps which address health conditions such as irritable bowel syndrome, menopause, and most recently, smoking cessation. Its apps are currently being used in the United States, Australia, and the United Kingdom, reports Mobi Health News.
Mindset Health plans to use its fresh funds to develop and launch new DTx apps for anxiety and depression, sleep, and chronic pain. It will also be used to continue its clinical and real-world research programmes to further prove its products’ health and economic benefits. Read more.
