Portfolion participates in Mindgram’s €7m seed round

Investment practice  

Venture Capital

Focus areas

B2BHealthTech

Mindgram, the European B2B platform providing integrated support for employees in the well-being sphere, has closed the biggest seed funding round in Europe for its sector. The startup is launching in Spain as the beginning of its international expansion, indicating Portugal and other LATAM markets as their next steps.

Mindgram is an all-in-one solution for companies aiming to grant their team holistic emotional and mental well-being support, to build their resilience and drive performance. The online platform addresses the full spectrum of employee needs in the mental sphere – providing on one hand tools to manage stress, burnout, communication difficulties, family problems, treat depression, etc. and supporting the development of emotional and cognitive competencies on the other. The service is available 24 hours a day, 7 days a week.

The company already has an established presence in Poland, with a pool of recognizable corporate clients including among others OTCF (owner of sports brand 4F), DB Schenker or Mary Kay.

Mindgram co-founder and CEO, Jakub Zieliński, has commented, “Well-being of the team is nowadays a fundamental pillar for the development of any company. It’s the new KPI of performance. With the mental distress epidemic we are facing in Europe and across the world, it’s not enough to react to incidents. Prevention is key to fighting anxiety and building engaged teams in the long term. Taking care of the employees’ emotions and well-being not only creates a better work environment. It helps you build a clear EVP, benefits the productivity of your team, reduces turnover and ultimately supports the company growth.

The seed round closed by Mindgram is the largest ever of this kind for a mental health company and largest for any Poland founded startup. “We are delighted to be able to help more companies across the world with the funds for further development. I would like to thank the investors for their trust and the whole team for their work. This round reinforces our vision of helping to build mentally strong and resilient organizations” says Jakub Zieliński.

Aurel Pasztor, Partner at Portfolion Capital Partners said: “Demand for mental health and well-being related services have grown continuously since the pandemic started. Mindgram provides a holistic set of services on a clean B2B platform that is rapidly adopted by enterprises in Poland. We believe there is a lot of need for this service in the region and Mindgram’s team has proved to be very strong in execution. We are fully committed to helping them grow in Europe and beyond!

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