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Wednesday, July 24, 2024

Psychological well being app concept that’s ‘like Marie Kondo on your thoughts’ kicks off with $800,000

A Melbourne startup that’s hoping to construct a psychological well being app to assist folks clear their minds has raised $800,000 regardless of being at the very least 9 months away from releasing a product.

Referred to as Modo, the startup has been backed by Archangel Ventures, Black Sheep Capital, Co Ventures, Big Leap Fund, the feminine founder-focused Alice Anderson Fund, and founders from Tradition Amp and Seer.

Modo cofounded by educational Dr Soukayna Bekkali with serial tech execs Maria Sereno, Jo Montanari and Peter Haasz. They’re hoping to supply early entry to the app for choose customers by the top of the 12 months.

Sereno stated the app will likely be like “Marie Kondo on your thoughts”, with plans to launch it with particular person subscriptions in early 2024.

“It’s designed to assist individuals who really feel overwhelmed, mentally strained, emotionally spent, or uncontrolled,” Modo’s chief product officer stated.

Dr Bekkali is a cognitive neuroscientist and was lab supervisor at Deakin College’s cognitive neuroscience unit, leaving that for startup life because the startup’s chief science officer.

She’s serving to develop the app so it’s like digital card deck designed to assist customers construct wholesome psychological habits to enhance their psychological wellbeing and productiveness.

Whereas neurocognitive methods can significantly improve cognitive management, people typically wrestle to use them constantly and successfully in each day life,” she stated.

‍ Archangel Ventures cofounder Quentin Wallace is aware of Haasz and Montanari from working with them at Tradition Amp.

“I jumped on the probability to work with the modo crew on their mission to construct a class defining product and resolve one in every of trendy life’s best issues: How do I obtain my most necessary aims with out ruining my psychological well being?” he stated.

Black Sheep Capital director Daniel Gavel stated Modo’s concentrate on addressing avoidable stress by altering unhelpful pondering kinds resonated deeply along with his crew.

“We’re aware of the long-term affect of stress and actively search to handle our stress ranges. We’re excited to assist modo’s skilled and various crew in tackling such a difficult difficulty,” he stated.


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