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Telehealth demand spikes

location_on

West, USA

Short Summary

Wellin5 is a remote online counseling platform to connect employees with counselors. We are currently experiencing an increase in demand due to COVID-19 virus to support mental health needs for remote employees such as anxiety & depression.

Overview

Target
US$5,000,000
Minimum
US$25,000
Investment Raised
US$4,500,000
Previous Rounds US$1,000,000
Stage Achieving Sales
Investor Role Any

Highlights

  • Recently completed acquisition of another online counseling startup in US
  • Signed on 4 contracts with close to 4M client base.
  • Excellent core team incl. advisor with successful exit in EAP industry
  • Doubled revenue in Q4 of 2019 with avg. revenue per user of $140.55
  • Quick exit plan with 5-10 times return in 1-3 years through acquisition/IPO
Please note: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

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