Southeast Asia’s mental health startups are getting more investor attention. Last week, Intellect announced a strategic investment from IHH Healthcare, Asia’s largest private healthcare group. Now Thoughtfull, another digital mental health platform focused on Asia, has raised $4 million in a pre-Series A round led by Sheares Healthcare Group. Sheares is a wholly-owned subsidiary of Temasek.
The round, which Thoughtfull said was oversubscribed, also included participation from returning investors Vulpes Investment Management, The Hive Southeast Asia, global family offices and founding members of companies like Grab and Zalora. TechCrunch last covered Thoughtfull in October 2021 when it raised its seed round.
Thoughtfull marks Sheares’ first investment in mental healthcare in Asia. Sheares’ other investments include its latest exit, a U.S.-based senior care company called Iora Health that was acquired by One Medical.
Called ThoughtfullChat, the startup’s platform includes personalized self-guided …
