# MentalHappy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mentalhappy

- Industry: Healthcare
- Headquarters: San Francisco, US
- Website: www.mentalhappy.com
- Total disclosed funding: $1.1M
- Latest round: Seed (May 5, 2021)
- Investors on record: 3

## About

Based in the US, MentalHappy Inc. offers an innovative platform aimed at enhancing mental health by facilitating expert-led support groups for individuals and caregivers, improving accessibility and communication in mental health services.MentalHappy Inc. was founded in 2016 in San Francisco, US, focusing on providing a platform for mental health support. The company has raised USD 1.1 mn in Seed funding, led by Future Ventures, with participation from Chai Angels and Social Impact Capital. CEO Tamar Blue has a history in entrepreneurship and has founded other companies prior to MentalHappy.MentalHappy offers a comprehensive platform designed for hosting support groups, focusing on enhancing mental health and well-being for both facilitators and participants. Its core product includes a secure online space that enables mental health professionals to lead expert-led support groups tailored to various needs, including informal caregiver support and therapeutic communities. The platform features tools for effortless group management, streamlined communication, and flexible scheduling for both virtual and in-person sessions. MentalHappy aims to address the increasing demand for mental health services, especially in the context of a projected shortage of mental health professionals in the U.S. by 2025. The company’s services are available to mental health professionals across various geographical markets, including but not limited to the United States, and cater to a diverse clientele, including therapists, life coaches, and social workers, who seek to provide accessible mental health support to their communities.MentalHappy's revenue model is primarily based on subscription services and flexible payment options tailored to the needs of mental health professionals. The platform allows users to accept payments from group members through various structured transactions, including one-time fees, monthly recurring payments, donation-based models, or free services, enabling facilitators to focus on providing support without the complexities of payment logistics. Specific pricing plans are designed to cater to the varying needs of users, ensuring that mental health professionals can select options that fit their operational models. By leveraging its platform, MentalHappy not only generates revenue from subscriptions but also enhances engagement metrics for its clients through data-driven assessments and personalized support tools. The system's structure allows for direct transactions between facilitators and their clients, fostering a straightforward business relationship that prioritizes mental health accessibility.In May 2021, MentalHappy Inc. raised USD 1.1 mn in Seed funding led by Future Ventures, with participation from other investors. The funding will be utilized to expand operations and business reach. The company is focused on developing new products aimed at enhancing mental health services and is actively looking to expand into additional geographic markets to improve accessibility for mental health professionals and their clients.

## Funding rounds

- Seed, May 5, 2021, $1.1M — Future Ventures, Social Impact Capital, Chai Angels

## Investors

- Future Ventures — Seed
- Social Impact Capital (https://capitalatlas.ai/funds/social-impact-capital) — Seed
- Chai Angels (https://capitalatlas.ai/funds/chai-angels) — Seed