According to the WHO, mental health disorders affect 1 in 4 people. The global workplace wellness industry was valued at $48B (approx €39.5B) in 2017, with estimates that it will surpass $66B (approx €54B) by 2022.
A 2019 Deloitte study shows that for every £1 a company spends on its employees’ mental health delivers a £5 return on investment, an ROI of (5:1).
Raised €1M funding
In this regard, Frankie Health, a Dublin-based mental health platform that delivers personalised mental healthcare to modern teams secured a $1.25M (approx €1M) funding. This brings its total funding to $1.5M (approx €1.2M).
With the funding, the company is planning to add 20 members to the team across engineering, design, and marketing departments in the next 12 months.