Surrey’s Wellin5 has acquired mental health startup Therachat.
Wellin5 is an online telehealth counseling platform that connects clients and therapists via mobile. Through technology, Wellin5 gives people access to mental health professionals, empowering them to confidently feel better.
San Francisco-based Therachat was designed to help therapists, psychologists, and mental health counselors keep their patients engaged in between therapy sessions. It provides therapists with over 40 pre-made and customizable homework activities.
Therachat also allows individuals who don’t have a therapist to use its mobile app and take advantage of the vast range of premade homework activities that are available.
“We are very excited about acquiring Therachat,” stated William Masih, Founder, and CEO of Wellin5.
“This is a massive accomplishment in our plan to emerge as a leader in the preventive mental health space. Wellin5 is strongly positioned to grow exponentially over the next three to five years in North America and internationally. This year, we expect to close the next round of funding to expand our partnerships with insurance providers and employee benefits administrators to support our anticipated growth model.”
Wellin5 was named to Rocket Builder’s 2019 Emerging Rockets List for Digital Health.