French startup Teale recently announced a successful funding round, securing $11 million (€10 million) in investment earlier this summer. The company specializes in providing a comprehensive mental health platform tailored to employees and offering valuable assistance to HR managers in tackling burnout and attrition issues.
Leading the Series A funding round are Alter Equity and Bpifrance’s Digital Venture fund. Notably, existing investors Isai and Evolem are also showing their continued support by investing once again in the startup.
Empowering Both Employees and HR Managers
Teale’s platform serves a dual purpose. On one hand, it offers a valuable perk for employees, addressing the growing expectation that employers should play a role in supporting mental well-being. On the other hand, the platform is strategically designed to assist HR managers in identifying potential concerns within the organization.
Prioritizing Mental Health in the Workplace
The modern work landscape places a renewed emphasis on the importance of mental health. With the recognition that employees’ well-being significantly impacts productivity and company culture, organizations are increasingly focusing on creating supportive environments.
Mental health initiatives, like Teale’s platform, play a pivotal role in addressing the unique challenges posed by the workplace. By offering tools to identify and manage stressors, fostering open conversations about mental well-being, and providing accessible resources, companies are taking proactive steps towards not only nurturing their employees’ mental health but also enhancing overall organizational success.
Democratizing Mental Health Through Technology and Data
Julia Néel Biz, Teale’s co-founder and CEO, emphasized the company’s mission to democratize mental health and destigmatize the topic using technology, data, and science. The aim is to not only support individual employees but also to cultivate healthier and more resilient organizations.
Seamless Access to Mental Health Support
Teale’s platform allows employees to seamlessly access mental health support. Upon receiving an invitation from their company, employees can download and install the Teale app. The process begins with a survey that evaluates mental health based on various criteria.
Scientifically Validated Mental Health Index
Teale employs a proprietary index, collaboratively developed with a scientific advisory board consisting of psychiatrists and doctors of psychology. This index has been rigorously validated and proven as an effective measure of mental well-being.
Tailored Content and Professional Support
Following the survey, Teale offers personalized content recommendations that align with the individual’s situation. The platform boasts an extensive library of over 1,000 audio and video resources covering topics such as stress, sleep, burnout, bereavement, and infertility. Additionally, users can schedule appointments with licensed psychiatrists or psychologists, addressing the need for guided therapy.
Promoting a Healthy Work Environment
From a management perspective, Teale also serves as a tool for fostering a healthy work environment. Rather than serving as a monitoring tool, the platform provides an overview of the organization’s well-being.
Insights for HR Teams
HR teams can access key insights through Teale’s dashboard, including the number of active users, requests for individual sessions, and other engagement metrics. For larger groups, the platform calculates an average mental health score, providing insights into areas such as workload, management, and work-life balance.
Impressive Adoption by Companies
Around 100 companies have already embraced Teale’s platform, extending its benefits to their employees. Notable clients include prominent names like Sanofi, SNCF, Cartier, and EY. On average, nearly half (45%) of the workforce actively engages with Teale’s services.
The recent funding round will facilitate significant growth for Teale. The startup plans to increase its workforce from 25 to 80 employees over the next 18 months. Additionally, Teale aims to expand its operations to new countries, broadening its impact on employee well-being on a global scale.
Teale’s successful funding round of $11 million underscores its commitment to enhancing mental health support for employees and HR managers. With its dual-faceted platform, Teale addresses the growing demand for accessible mental health resources and aims to create healthier work environments. The funding will fuel the company’s growth, enabling it to impact more organizations and individuals globally.
French startup Teale has secured $11 million in funding to support its comprehensive mental health platform for employees and assist HR managers in preventing burnout and attrition. The platform provides personalized mental health assessments, tailored content, and access to professional support. Teale’s funding will drive team expansion and global expansion as it continues to provide valuable resources for fostering mental well-being in the workplace.
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