by RJ Shara | Jan 21, 2021 | Startups
Hims & & Hers, a San Francisco-based telehealth start-up that sells sexual wellness and other health services and products to millennials, began trading openly today on the NYSE after finishing a reverse merger with the blank-check company Oaktree Acquisition Corp. Its shares slipped a bit, ending the day down 5% from where they began, however the […] TC: You’re a Bay Area-based company selling to a mainly U.S. audience. Conventional health care business monetize just the sick, but enhancing around that group precludes you from comprehending what the next generation really requires and wants. TC: Hims simply went public through a SPAC in an offer that provides the business around $280 million in cash– $205 million of that from Oaktree’s blank-check business and another $75 million through a personal positioning offer. ADVERTISEMENT: The business does not burn a significant amount– between $10 million and $20 million a year– so a relatively long runway if we keep running the business as is. Perhaps it makes for a great CNBC heading, but at remarkable cost to the company….
by RJ Shara | Dec 1, 2020 | Fundings and Exit, Startups
Intellect, a Singapore-based start-up that wishes to reduce barriers to mental healthcare in Asia, says it has reached more than one million users simply 6 months after releasing. Google likewise revealed today that the startup’s customer app, also called Intelligence, is one of its picks for finest personal growth apps of 2020. The business […] Google also announced today that the startup’s customer app, likewise called Intellect, is one of its choices for finest individual development apps of 2020. Intelligence’s enterprise product now reaches 10,000 workers, and its customers include tech companies, regional operations for international corporations and hospitals. For lots of little- to mid-sized companies, Intelligence is often the first mental health advantage they have used. …
by RJ Shara | Oct 21, 2020 | Fundings and Exit, Startups
Preferably, psychological wellness should be considered part of a healthy daily regimen, like exercise. But even exercise is tough to become a routine habit. Peloton resolved physical fitness by integrating clever stationary bikes with live classes and neighborhood functions to produce an engaging experience. Now a new startup, MindLabs, is taking a comparable method […] Its platform will introduce next year, initially with a mobile app that combines live videos from mental health specialists who lead meditation and mindfulness sessions, and features to help users track their tension levels. 2 of the primary methods MindLabs’ platform separates from other mental health apps is the mix of its video classes and EEG headband. One of the most significant challenges that all mental health apps need to address is user engagement.”With the information we’re able to reveal, not just through the Halo but through syncing with Apple HealthKit, we can reveal our customers a positive progression of their psychological health, comparable to how you can see your weight modification on a scale, or improvement in heart rate irregularity in an app. …
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