AI mental health platform offering culturally competent care through video calls and self-led programs
Business overview
Location | London, United Kingdom |
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Social media | |
Website | www.talathrive.com |
Sectors | Healthcare Digital Mixed B2B/B2C |
Company number | 14703044 |
Incorporation date | 3 Mar 2023 |
Investment summary
Business highlights
- Hundred + on waitlist - with no paid marketing
- 40+ therapists and coaches already onboarded
- B2B pilot in discussion with global financial institution
- Featured in The Guardian and Evening Standard
Key features
Idea
Introduction
Tala Thrive is a mental health platform. Offering culturally competent care from therapists and coaches who understand your culture, language, and/or religion through video calls and self-led programs. Because you shouldn't have to educate your therapist about your culture - you should have a practitioner who just 'gets it’.
* based on internal calculations using published data on populations.
Substantial accomplishments to date
Key traction in the past few months:
- Team of 9 all working for equity and not taking a salary
- Have over 40 therapists and coaches onboarded with many more on the waitlist
- Featured in the Guardian and London Evening Standard newspaper
- Launched our first product and have great response with initial user testing
- Held our first in person event (which was oversubscribed) at The Conduit members club with 70+ attendees and 3 panelists from the BBC, marketing industry and a footballer
- Hundred + people on the waitlist with no ad spend
- In conversation with a global financial institution regarding running a pilot project for employees.
Monetisation strategy
We are currently earning revenue via commission on each session however, from Q3, we aim to be offering B2B subscriptions for employee benefits. Later this year, when our V2 and native app is live, we will be working on a monthly subscription model for our self work programs and AI daily voice check-ins. Users can then add on top for therapy/coaching sessions.
In 2025, our goal is to partner with insurance companies to get rebated. Meanwhile, in Australia we will be able to start getting customers who are getting rebated by the government, as all the customer needs to do is answer our short questionnaire, pick a therapist, provide their GP with the therapist's name, and they get 10 sessions per year heavily subsidised or free.
Use of proceeds
30% of our funding will go to tech and product, this is to hire more so that we can scale and launch our V2 later this year. The other main areas are marketing and sales. The remaining 10% will go to other operational costs.
Investor Perks
£50 - £500 - 30% off first 3 therapy or coaching sessions on Tala Thrive & priority access to our self-led programs
£500 - £5,000 - 50% off first 5 therapy or coaching sessions on Tala Thrive & priority access to our self-led programs
£5,000 - £20,000 - 5 free therapy or coaching sessions on Tala Thrive & priority access to our self-led programs
£20,000 + 10 free therapy or coaching sessions on Tala Thrive & priority access to our self-led programs
Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company and listed above. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.
Key Information
Tax Relief
The first £220,000 invested in the round is eligible for SEIS tax relief and will be offered on a first come first serve basis.
Investments over £220,000 will be eligible for EIS.
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