Through its app, ThoughtFull connects its users to trained mental health professionals for personalized support, including video therapy sessions and self-guided exercises. Monthly subscriptions for individuals start at $169 SGD , based on a six-month term.
The startup claims its user base spans 95 provinces, towns and cities worldwide, while its provider network spans 57 such locations across Asia. It plans to use its fresh capital to further scale its business across Asia, develop its product offerings, and conduct further clinical research. Fueling the startup’s expansion is its partnerships with insurance firms. Last December, Hong Kong billionaire’s insurance firm, FWD Insurance, announced a partnership with ThoughtFull, giving customers access to self-help tools and virtual therapy. In Malaysia, ThoughtFull partnered with AIA last May to include mental health support in its corporate solutions portfolio, so employees subscribed to its plan could access one-on-one therapy.
In the aftermath of the pandemic, Asian mental health startups have piqued the interest of investors. In early March, Singapore-based Intellect – also featured on last year’s Forbes Asia 100 to Watch list – secured an undisclosed strategic investment from Asia’s largest private healthcare group, IHH Healthcare. Last July, it raised $20 million in a Series A
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