# Woebot Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/woebot-labs

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.woebothealth.com
- Total disclosed funding: $116M
- Latest round: Series B (Jul 21, 2021)
- Investors on record: 11

## About

Based in California, US, Woebot Labs Inc. trading business as Woebot Health was founded in 2017. In 2018, the company launched its apps and achieved 2 million messages per week Launched Response Engine. In 2019, Woebot was awarded NIH/NIDA grant for Substance Use Disorder therapeutic development. In 2020, the company closed its first major strategic partnership for behavioral health products. In 2021, the company named Timothy Mariano as its first MD to advance medical, clinical, and regulatory research. As of 2021, the company has 3 products in its regulatory pipeline, and has a 98.9% accuracy rate in detecting crisis language, and has a total of USD 114 million raised in funding.

The company's chatbot provides treatment and emotional support for mental diseases such as depression and anxiety disorders through natural, customized, and human-like chats, allowing young adults to reduce symptoms of sadness and anxiety and enhance their emotional quotient.

The company plans to expedite further development of its relational platform and technologies to address the rising worldwide demand for mental health care, advance its main digital treatment prospects, and increase its staff and go-to-market operations.

## Funding rounds

- Series B, Jul 21, 2021, $100M — New Enterprise Associates, Temasek Holdings, BlackRock, Mirae Asset Capital, Alumni Ventures Group, OWL Ventures, JAZZ Venture Partners, Gaingels, AI Fund, Leaps by Bayer, Kicker Ventures
- Series A, Mar 1, 2018, $8M — New Enterprise Associates, AI Fund
- Series A, Jul 28, 2017, $8.2M — New Enterprise Associates, AI Fund

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B
- AI Fund (https://capitalatlas.ai/funds/ai-fund) — Series A, Series B
- Temasek Holdings — Series B
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series B
- Mirae Asset Capital (https://capitalatlas.ai/funds/mirae-asset-capital) — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series B
- JAZZ Venture Partners (https://capitalatlas.ai/funds/jazz-venture-partners) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Leaps by Bayer (https://capitalatlas.ai/funds/leaps-by-bayer) — Series B
- Kicker Ventures (https://capitalatlas.ai/funds/kicker-ventures) — Series B