- headversity recently announced it raised $10 million in funding. These are the details.
headversity — a leading provider of preventative mental health training technology for employers — recently announced it has closed its Series A funding round led by Level Equity. The $10 million investment round also includes Westcap Management and Birchcliff Partners.
With the funding, headversity plans to accelerate its delivery of evidence-based workforce training to upskill resilience, behavioral health, and psychological safety for the workforce.
Since launching in 2019, headversity has serviced learners in over 22 countries around the world by providing mental health training for employees at leading global employers such as Shell, First Group America, and OMERS. This funding round — which closed in December — is preceded by increasingly high demand for headversity’s unique approach to real-time resilience training, with the company seeing revenue growth of 8x over the last 2 years.
headversity’s technology has helped the company emerge as a market leader in the industrial sector, where needs have been acute due to escalating safety incidents throughout the COVID-19 pandemic. And a study from Eastern Kentucky University reports that 60-80 percent of workplace accidents are directly correlated with stress. With the stress levels of the workforce at their highest since the Great Depression and the ongoing demand for the services of frontline employees through the pandemic, organizations have dealt with a huge increase in mental health and safety incidents.
“Employers around the world were underprepared for the pandemic, from a mental health standpoint. Technology has done a great job at building individual learning experiences for people to fill this gap. Where the industry has fallen short is helping to build community and shared language around mental health in our workplaces. We believe the interconnectedness of personalized and team learning changes the landscape of workforce training, offering organizations an unparalleled opportunity to reach their entire workforce and build a safe culture.”
— Dr. Ryan Todd, headversity CEO and co-founder
“We could not be more excited to partner with Ryan and his exceptional team. We speak with tens of thousands of SaaS businesses each year and were blown away by both headversity’s unique approach to the increasingly daunting mental health and workplace safety challenge worker face and their explosive growth across every financial metric as they acquire some of the world’s largest employers as customers. Occasionally in our business, you get to do well by doing real good in the world and this feels like one of those occasions. I have deep personal interest in and passion for this space and high conviction on the ways headversity is tackling a complex and unfortunately rapidly growing set of problems.”
— Ben Levin, Co-founder, and CEO of Level Equity