Amsterdam-based Binqy raises seed funding to prevent 1M burnouts by 2030: Here’s how

Amsterdam-based Binqy, a workplace wellbeing startup, announced on Tuesday that it has secured funding in a seed round from two angel investors. However, funding and investor details were not disclosed.

The Dutch startup will use the funds to expand its platform, enhance user experiences, and reach even more organisations and individuals with its science-based well-being solution.

Further, the company is also planning to expand the team and acquire partnerships with companies that share their mission.

Jelle Houben, Co-Founder & CEO of Binqy says, “At the heart of Binqy lies a vision for a brighter future, where the ghost of burnout no longer haunts our workplaces. This seed investment will help us in achieving our mission: to prevent 1 million burnouts by 2030. In a world where stress and burnout have become all too common, Binqy is committed to reshaping the narrative around workplace wellbeing.”

What is burnout?

Burnout is defined as a state of complete physical, mental, and emotional exhaustion. According to Binqy, burnout can be prevented in various ways, including

• Prioritise Self-Care
• Set Clear Boundaries
• Effective Time Management
• Build a Supportive Network

“Identifying symptoms at an early stage, both in yourself and others, remains essential to preventing burnout. It is therefore very important to realize that burnout goes deeper than simply being tired,” says the company in a blog post. 

Binqy: Preventing burnouts depression

Binqy was founded by Jelle Houben, Joris Krijger, and Thomas Nieuwenhuis after their friend experienced burnout and depression due to a lack of support.

The company is on a mission to prevent 1 million burnouts by 2030.

The platform provides a science-based digital solution, providing employees, teams, and managers with real-time well-being insights, data, and feedback to help improve well-being and prevent burnout on multiple levels within organisations. 

The platform is based on the renowned Job Demands-Resources (JD-R) Model. 

By measuring how employees feel and identifying the causes of stress and engagement, the platform empowers organisations to proactively address burnout.