London-based Inflow, an app that helps people better manage ADHD (Attention Deficit Hyperactivity Disorder) through Cognitive Behavioral Therapy (CBT) based support, announced on Wednesday that it has secured $11M (approximately €10.2M) in a Series A round of funding.
The round was led by Octopus Ventures with participation from Hoxton Ventures and Route66 Ventures. The company has raised over $14M (approximately €13M) in funding to date.
The UK company says it will use the funds for product development and to further expand its team.
Seb Isaacs, co-founder of Inflow, says, “Diagnosing and treating ADHD can be a long and costly process, and living with the symptoms can be extremely challenging. We want to help our members significantly improve their quality of life by giving them the tools to better understand themselves and implement coping strategies that actually work.”
Inflow: What you need to know
Levi Epstein, Seb Isaacs, and Dr. George Sachs founded Inflow in 2020 out of frustration with the long waiting times, complex bureaucratic processes, and prohibitive costs.
Using CBT-based coping strategies, the New York and London-based platform enables people to develop self-regulation techniques that can be ingrained within their everyday routines.
The app helps them overcome unhelpful thinking patterns, learn useful habits and skills, and take exercises and challenges. Additionally, the platform also provides group and community-based support where members can attend live events hosted by qualified clinicians and in-app coaches, including:
- Dr. George Sachs (co-founder)
- Dr. Laura Knouse (Associate Professor of Psychology at the University of Richmond)
- Dr. Lidia Zylowska (Associate Professor at the University of Minnesota)
Dr. George Sachs says, “To ensure the usability and feasibility of the Inflow app, since launching, we have preliminary results through open study testing that members have experienced a decrease in ADHD symptoms and impairment by following Inflow’s approach. It’s encouraging and edifying to see how providing these techniques to those with ADHD, directly and easily through our app, is making a difference in their lives.”
Investor
Based out of London, Octopus is a multi-stage venture capital investor that specialises in health, money, deep tech, and consumer.
Will Gibbs, Healthtech Partner at Octopus Ventures, will join the Inflow board as a part of the funding round.
Gibbs adds, “People with ADHD represent around 10% of the global population, and Inflow is offering a new way to help them access the most effective support. The team has built a community of users who are already seeing a real impact on their lives, and Inflow’s B2C “global from day 1″ approach means there is an opportunity to quickly reach meaningful scale. We believe Inflow can become a world-changing business making a huge impact on people’s lives, and not just those with ADHD but in a range of neurological areas in the future.”
