PsycApps, a UK-based developer of evidence-based mental health game for teens and young adults, eQuoo, has raised £1.5 million in seed funding from US-based Morningside Ventures.
The funds will enable PsycApps to grow its team and accelerate the development of its mental health platform to address the roughly 50 per cent of teens and tweens who self-report struggling with one or more mental health issues.
The funding news follows a recent report from Frontiers in Psychiatry2 that describes low engagement and attrition from digital mental health applications as the field’s Achilles heel. PsycApp’s platform offers an accessible, scalable, and sticky mental health intervention that gives higher education institutions the ability to impact students’ mental health positively.
PsycApps is headquartered in London with a team embracing remote and flexible work. The company is hiring a sales team, marketing experts and a game development team to bring the whole production in-house.