THOUGHTFULL, a Singapore-based digital mental health startup, has raised a US$4 million pre-Series A round led by Temasek-owned Sheares Healthcare Group.

Also participating in the fundraise are Vulpes Investment Management , The Hive Southeast Asia, founding members of Grab and Zalora and global family offices.

Founded in 2019, ThoughtFull operates a digital platform, ThoughtFullChat, that offers video calls and text-based mental health coaching. It partnered AIA Malaysia in 2022 to provide corporate customers with employee mental health solutions. ThoughtFull has a similar partnership with FWD in Hong Kong and Thailand.

It plans to use the funds to further scale its business across Asia and conduct clinical research.

“ThoughtFull’s approach to scaling seamless, end-to-end mental healthcare aligns with Sheares’ mission to invest in companies that are shaping the future of healthcare through innovative and patient-focused care,” said Khoo Ee Ping, chief corporate development officer of Sheares Healthcare.

SOURCE: businesstimes.com.sg