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Kyan Health Secures $16.7M to Expand to U.S. and Enhance Mental Health Platform

11/27/2024
in News
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Kyan Health, a mental health and workplace well-being provider, has raised $16.7 million in funding to support its global expansion and technological advancements. The funding includes a previously unannounced $4 million seed round and a $12.7 million Series A round, bringing the company’s total funding to $18.4 million.

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The Zurich, Switzerland-based company plans to begin its expansion into the U.S. market in 2026, focusing on scaling operations with existing multinational clients while tailoring its services to meet the specific needs of the U.S. workforce.

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U.S. Expansion Goals

Kyan Health aims to establish itself as the leading partner for multinational enterprises in the U.S. seeking to improve employee mental health and well-being. CEO and co-founder Vlad Gheorghiu highlighted the company’s commitment to addressing critical workplace challenges, including absenteeism, turnover, and presenteeism.

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“Our long-term goal in the U.S. is to become the go-to partner for multinational enterprises seeking to transform employee mental health and well-being into measurable business outcomes,” Gheorghiu shared in an email to Behavioral Health Business.

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Kyan Health’s existing clients include global companies such as Hitachi Energy, HILTI, and On Running, which have significant U.S. operations.

Funding Breakdown and Future Plans

The seed round was led by Amplo VC, while Swisscom Ventures, with participation from GreyMatter Capital, led the Series A round. These funds will be directed towards enhancing Kyan Health’s AI-powered platform, which integrates predictive analytics, psychotherapy, coaching, and digital tools to improve workforce productivity and well-being.

Kyan Health offers services in 25 languages and plans to expand into wearable technologies, integrate with human resource systems, and ensure compliance with global data privacy standards. Additional efforts will focus on hiring new staff and developing a predictive care model to deliver tailored solutions for clients.

The Competitive Landscape

Despite a decline in digital behavioral health investments since their 2021 peak, Kyan Health’s funding reflects sustained interest in workplace mental health solutions. Other companies in the sector have also secured investments, such as pediatric mental health provider Fort Health, which raised $5.5 million earlier this month, and hybrid tele-mental health company Two Chairs, which raised $72 million in April.

Gheorghiu expressed confidence in Kyan Health’s strategic approach, noting that the company’s platform is well-positioned to meet evolving needs in the U.S. market.

“This approach allows us to build on established relationships while tailoring our platform to meet the unique needs of the U.S. market,” he said. “Over time, we will expand our reach, leveraging our predictive care model to become a leading partner for U.S.-based and multinational companies alike.”

Kyan Health’s expansion reflects a growing emphasis on integrating mental health care into the workplace, offering solutions designed to boost employee well-being and drive measurable business outcomes.

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