Togetherall bags $10m investment for online mental health platform from FPE
Togetherall, an online mental health platform, has bagged a $10 million investment from FPE Capital, a specialist growth private equity investor.
Launched in 2007 as Big White Wall, Togetherall is a free online peer-to-peer support service that offers a population based, clinically managed online community to support people having mild to moderate anxiety and depression. These people are allowed to speak anonymously to their peers about their feelings and also experiences.
The Togetherall online mental health platform also offers a range of courses and resources to help users to self-manage their mental health, which is all moderated by trained practitioners round-the-clock.
Since its inception, the online mental support platform claims to have helped more than a quarter of a million members and about 90,000 individuals in the past 12 months.
Henry Jones – Togetherall CEO said: “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.”
The investment from FPE Capital comes at a time when Togetherall is said to have quickly expanded into the North American market, with a focus on US market growth and also continued growth in the UK and Canada.
This is the eighth investment for FPE Capital’s FPE Fund II, making it the largest investor in the online mental health platform alongside Impact Ventures UK (IVUK), a social impact investor.
The investment is expected to help increase Togetherall’s speed of product development and also in increasing the number of resources to members.
Henry Sallitt – Co-founder and Managing Partner at FPE Capital said: “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.”