The coronavirus continues to hit people hard mentally, and this has meant a boom for mental death and meditation apps. According to a recent report from app store intelligence firm Sensor Tower, the world’s 10 largest English-language mental wellness apps in April saw a combined 2 million more downloads during the month of April 2020 compared with January, reaching close to 10 million total downloads for the month. The charts were dominated by market leaders such as Calm, Headspace and others such as “Relax: Master Your Destiny”.
However, a slightly lesser know app called Meditopia featured, and that’s because it’s become a big leader non-English speaking markets.
Today it’s announced a Series A investment of $15M co-led by Creandum, and Highland Europe . Carl Fritjofsson of Creandum and Fergal Mullen of Highland Europe will join Meditopia’s Board of Directors. Total funding prior to this round was $3.2m. This new round takes the total to $18.2m.
Based between Istanbul and Berlin, Meditopia has majored on localization for 75 global markets, in 10 languages, with a focus on long-term mental wellbeing programs. Since launching in 2017 Meditopia has grown to 14M users across 75 countries.
Until recently, most meditation and mental health apps were built to suit the needs of English-speaking, Western culture, especially in the way these apps dealt with topics such as gender.
The startup was founded by Fatih Celebi, Berk Yilmaz and Ali Murat Ceylan.
In a statement, Murat said: “Mental wellness is something everyone should be able to achieve, regardless of their country of origin, native language, socio-economic status, ethnicity, or religion. We first focused our efforts on our home country Turkey before expanding worldwide so whether you are Latino, Japanese, Russian, North American, or Arab, you can find support and coaching in our global community.”
Carl Fritjofsson, Partner at Creandum commented: “We’ve followed Meditopia for the past two years and have been incredibly impressed by how they’ve been able to capture this opportunity across the world, all while being one of the most capital-efficient run companies around.”
Fergal Mullen, Founding Partner at Highland Europe said: “For too long, the technology available was created for English-speaking groups alone. Meditopia provides the alternative; a solution that helps its members get to the heart of what they need in a way that suits them. We’re thrilled to be a part of getting this vital service to those people.”
social experiment by Livio Acerbo #greengroundit #techcrunch http://feedproxy.google.com/~r/Techcrunch/~3/1SMDsqkDUKI/