- Togetherall, a leading online mental health platform, announced it has raised $10 million in funding from FPE Capital LLP. These are the details.
Togetherall, a leading online mental health platform, announced it has raised $10 million in funding from FPE Capital LLP. This funding round follows Togetherall’s accelerated expansion into the North American market with a focus on US market growth along with continued growth across the UK and Canada into higher education, corporate, and health sectors. And FPE will sit as the largest investor alongside social impact investor Impact Ventures UK (IVUK), concluding the eighth investment from FPE Fund II.
Togetherall is known for providing millions of people throughout the UK, New Zealand, Canada, and the US access to community and professional support 24 hours a day / 365 days a year. And Togetherall provides a population-based clinically-managed online community to support people with their mental health via 24/7 anonymous peer-to-peer support. Founded in 2007 it has helped over a quarter of a million members to date and nearly 90,000 individuals in the last 12 months.
FPE Capital’s investment into the online mental health platform is boosting Togetherall’s ambition of providing a greater positive impact for all who use the service and will help increase the speed of product development and the number of resources to members.
And as those seeking mental health treatment face increased barriers in getting the support they need — with demand often outstripping the supply of services (Centre For Mental Health) — Togetherall assists in breaking down barriers to accessing traditional (or one to one support) as well as the stigma that often comes when reaching out for mental health support.
Togetherall also offers a variety of courses and resources for allowing users to self-manage their mental health, all of which is moderated by trained practitioners 24/7 who ensure a safe and uplifting environment.
As new lockdown restrictions set in across the UK, more and more people will experience heightened levels of isolation, anxiety and depression without having access to mental health support. And Togetherall is well-positioned to respond to this increased demand.
KEY QUOTES:
“Togetherall’s goal is to build a global business giving as many people as possible a safe, online community where they can offer and receive support at times of anxiety and isolation. Partnering with FPE, such an experienced technology investor, is a huge boost to our ambitious plans for the growth of our impact.”
— Henry Jones, Togetherall CEO
“VUK has backed Togetherall since 2014 as it has grown from a great idea to a flourishing business helping hundreds of thousands of people in the UK and across North America. We warmly welcome FPE and very much look forward to working with them, and the exceptional Togetherall team, to bring its services to the many millions of people in need.”
— Kevin Bone, Partner at Impact Ventures UK
“FPE is delighted to have completed this exciting growth investment into Togetherall. This is an organisation that combines a successful SaaS business model with real purpose and social impact. We look forward to working with Henry and the team to support their growth ambitions.”
— Henry Sallitt, Co-founder & Managing Partner at FPE
