Lua Health secures €500k in pre-seed founding round
Summary
Lua Health, a proactive well-being platform for the workforce, has successfully concluded its pre-seed funding round, securing 500k in investment from Enterprise Ireland and the private investment company Growing Capital.Founded by Fionn Delahunty and Dr. Mihael Arcan in 2023, Lua Health emerged as a spin-off from the University of Galway and the Insight SFI Research Centre for Data Analytics. Implemented in a privacy-by-design manner, the product allows employees to gauge their mental well-being in real-time, facilitating access to support if needed. The mental health of workers is becoming a top priority for businesses and a dilemma for leadership in organisations is being able to support the well-being of their staff in a pro-active and pre-emptive way. Enterprise Ireland is proud to have provided support to Lua Health at each stage of its growth journey from our research commercialisation and HPSU sector teams. Lua Health marks our fourteenth collaborative venture with Enterprise Ireland, and proudly stands as our fifth investment in innovative spin-outs stemming from Irish universities.See more stories here.