ThoughtFull, a Southeast Asia-based startup focused on mental health wellness, has just raised $1.1 million in seed funding.

Investors for the round include The Hive Southeast Asia, Flybridge, Vulpes Investment Management, family offices, and angel investors.

Background

• ThoughtFull was founded in 2019 by former Malaysian JP Morgan analyst, Joan Low.
  
• The company provides mental health and wellness services via its mobile apps, allowing people to connect with healthcare professionals with personalized solutions.
• ThoughtFull will utilize the new funds to expand its services across Southeast Asia, as well as hire more talent to improve its product offerings.

Why It Matters

• Services catering towards improving mental health have risen in the recent months, catapulted by the global pandemic.
  
• ThoughtFull currently operates in Singapore, Malaysia, and the Philippines, with users spanning across 43 countries.
• Since May 2020, the company's enterprise clients have grown by over 10x.