LifeSpeak Announces $42 Million Equity Investment To Accelerate Growth Of Digital Mental Health and Wellness Platform
Summary
Since its founding in 2004, LifeSpeak has established itself as a trusted digital health provider for hundreds of North Americas leading companies across 25 industries, including financial institutions, technology, telecommunication, energy, manufacturing, as well as a large public sector presence covering governments, municipalities, hospitals and school boards. LifeSpeaks software-as-a-service ("SaaS") platform of more than 2,000 video training sessions, podcasts, tip sheets and other proprietary content is unique in the market having been screened, vetted and curated from acclaimed experts spanning leading authors and heads of best-in-class institutions. "The current health crisis has highlighted the difficulty organizations face in addressing the needs of the anxious, remote workforce," said Michael Held, Founder and CEO of LifeSpeak. Building resilience enables companies to support employees in the face of everyday stress, as well as equipping them to better handle an acute crisis such as the COVID-19 pandemic." We couldnt be happier investing into such a fast growing and profitable company that is helping employees and their families access much needed support during these difficult times."