Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Oliva secures €5m to expand workplace mental health support

by June 22, 2023
June 22, 2023
Oliva secures €5m to expand workplace mental health support

Oliva, a healthtech platform offering specialist, on-demand mental health and wellbeing support to employees, has today announced a €5 million fundraise in a round led by Molten Ventures and joined by existing investors Stride VC and new backers Alumni Ventures. Angels including Kieran Flanagan, CMO at Zapier, also participated.

The raise follows a year where Oliva doubled the size of its team, increased its network of therapists from 50 to over 250, and grew revenues by over 300% year-on-year. The funding will enable Oliva to expand its network of skilled therapists, launch in new markets and languages, develop their pioneering ‘Oliva Care Model’, and leverage AI to enhance their human-to-human online care journeys. These advancements will enable more staff around the world to access bespoke, human-led mental health expertise.

Founded in 2020 by Javier Suarez, previously co-founder of TravelPerk, and Sançar Sahin, previously VP Marketing of Hotjar and Typeform, Oliva partners with employers to improve workplace cultures and ensure their teams can access mental health and wellbeing support suited to their individual needs.

Both Javier and his co-founder Sançar experienced mental health struggles and burnout whilst leading teams at high-growth startups. This first-hand experience inspired them to create a platform that would provide best-in-class support for individuals, as well as the partnership, insights and guidance needed for companies intent on strengthening company culture.

Oliva works closely with employers to create and launch successful strategies to improve workplace wellbeing, they are able to improve staff happiness and retention, as well as increase productivity.

For individual team members, the platform unlocks a wide-array of evidence-based psychological intervention; from on-demand therapy and coaching, to group workshops, personalised self-guided content and exclusive talks. Over 12 types of therapies are available via the platform, designed to provide the proactive and reactive support needed to help people tackle issues such anxiety, burnout or depression.

This raise brings Oliva’s total funding to €13m ($14m/£11m) to date. Oliva will join companies including Revolut and Trustpilot in the Molten Ventures portfolio.

Oliva is already used in over 27 countries worldwide and is currently available in 14 languages, with existing customers including Marshmallow, Maze and Leapsome. This funding will enable expansion into new markets, including more US states, and the introduction of new languages including Croatian, Serbian and Dutch.

The latest investment will also enable Oliva to further expand its network of 250 specialist therapists, and double down on the evolution of their in-house Oliva Care Model. Led by the platform’s Chief Clinical Officer and leading cognitive behavioural therapist, Dr. Sarah Bateup, this model enables users to be guided towards a bespoke package of human-led intervention or support for their individual needs, with that route able to dynamically adapt based on outcomes.

The funding will also be used to launch an Oliva app – enabling users to access support wherever they are – and build out additional product features to improve the user experience for staff, HR teams, and practitioners alike. This will include incorporating AI functionality to enhance their human-led service, such as automating note taking so therapists can focus on care.

Javier Suarez, co-founder and CEO of Oliva, comments:  “From the very beginning, our vision for Oliva has been clear: to be Europe’s most comprehensive and clinically validated workplace mental health platform. Companies working with Oliva get more than a platform – they get a full-scale partnership for their employee mental health strategy. And for employees – they don’t get short changed by a system powered by bots. We offer evidence-led, human-centric support strategies that are tailored to their individual needs.

“We’re grateful for the trust and support our investors have shown us so far, allowing us to continue making strides, and look forward to accelerating that with our new and existing investors.”

Dr Inga Deakin, Principal at Molten Ventures, added: “Poor mental health has a massive impact on employers and wider society. We have an opportunity to expand access to mental health support and early intervention beyond the usual structures of healthcare systems. Molten are proud to back the team at Oliva. They are world-class repeat entrepreneurs, and they have the experience and capabilities to tackle challenges around mental health and provide a method to help many people around the world.

Read more:
Oliva secures €5m to expand workplace mental health support

0
FacebookTwitterGoogle +Pinterest
previous post
UK set to miss net zero goals without private sector investment, warn MPs
next post
UK dairy prices could keep rising unless staff shortages ease

You may also like

December the most stressful for over half of...

December 7, 2022

Closure of Staffordshire custard factory puts 300 jobs...

January 20, 2023

An In-Depth Interview with Dr. Sergey Macheret: Exploring...

January 23, 2025

Laser Eye Surgery- Life without Contact Lenses and...

December 20, 2024

Barclays cuts bankers’ bonuses after profits fall

February 15, 2023

4 ways to grow your business in a...

July 7, 2023

Decline in cash use eases after pandemic slump

August 22, 2022

What the Bank of England’s interest rate cut...

May 9, 2025

UK Unemployment Hits 12-Month High as Job Vacancies...

May 14, 2024

Hospitality sector offers salary boost to cope with...

May 22, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025
    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,564)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved