Mental health startup Intellect bags $10M in Series A funding
Singapore-based mental health startup Intellect has raked in $10 million in a Series A investing round led by HOF Capital.
The oversubscribed round was also participated by its new investors, Headline, East Ventures, MS&AD Ventures, DG Daiwa Ventures, Pioneer Fund, as well as its existing investor, Insignia Ventures Partners.
Since it launched in 2020, the company has raised a total of $13 million.
WHAT IT DOES
Intellect offers an end-to-end unified mental healthcare platform. It provides mental health benefits for employers which feature clinical-based digital therapy programmes, along with telehealth services. Its consumer-facing product is an app that hosts self-guided cognitive behaviour therapy programmes.
Available on both iOS and Android devices, the app now has over three million users across 20 countries. Recently, it signed in major enterprise clients, such as foodpanda, Singtel and Schroders. Intellect claims an employee adoption rate of between 20% and 40%.
WHAT IT’S FOR
In a press statement, Intellect said it will use its fresh funds to rapidly scale its offerings and presence across Asia. It will be adding more products to serve the entire mental healthcare spectrum, from self-care to live counselling, coaching, and crisis management care.
“To massively scale our offerings across Asia,
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Passenger Exposed Buttocks and Threw a Can During Flight, Prosecutors Say
A passenger who refused to wear a mask on a flight from Dublin to New York pulled down his pants and exposed his buttocks, threw a can at a passenger and put his cap on the captain’s head and told him, “Don’t touch me,” prosecutors said in a case unsealed on Friday.
After the Delta flight from Dublin to John F. Kennedy International Airport on Jan. 7, the passenger, Shane McInerney, 29, of Galway, Ireland, was charged with intentionally assaulting and intimidating a crew member, prosecutors said. If convicted, he faces up to 20 years in prison, prosecutors said.
On Saturday, Mr. McInerney’s lawyer, Benjamin Yaster, declined to comment on the charges. Mr. McInerney made an initial appearance in federal court in Brooklyn on Jan. 14 and was released on a $20,000 bond, prosecutors said.
The charges represent the latest example of the unruly and sometimes violent behavior that has surged on airplanes since the start of the pandemic. Many of the disturbances have involved passengers who refused to wear masks, as required by the federal government.
On Wednesday, an American Airlines flight from Miami to London turned around about an hour into its journey because of a passenger who
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Coviu’s latest app combines telehealth, remote patient monitoring for COVID-19 management
Telehealth firm Coviu, in partnership with medical devices distributor Propell Health, has developed an integrated telehealth and remote patient monitoring application for the management of COVID-19 patients.
WHAT IT DOES
According to a media release, the app is able to display health data from bluetooth-enabled medical devices, such as pulse oximeters, blood pressure monitors, and digital thermometers, in video teleconsultations. Clinicians are able to receive real-time measurements while holding a video call with a patient.
WHY IT MATTERS
Coviu and Propell Health came up with the solution as Australia is dealing with a new deadly surge of COVID-19 cases that has overwhelmed its health system once more. With a reported 700,000 new weekly cases, hospitalisations and deaths have been pushed to a record, forcing the state of Victoria to declare code brown early this week.
As the peak of cases may be weeks away, according to the Australian Medical Association, healthcare professionals are relying on remote patient monitoring to manage and treat patients. “[I]t’s important that we maintain a high level of RPM to ascertain and capture serious cases early to prevent home deaths,” said Dr Silvia Pfeiffer, co-founder and CEO of Coviu.
Coviu maintained that its latest solution is