LISSUN Secures $1.3M in Seed Funding to Expand Mental Health Solutions

• ByStartupStory     |    September 4, 2023

Mental health platform LISSUN has successfully raised $1.3 million in a seed funding round led by Inflection Point Ventures (IPV) and Rainmatter Capital (Zerodha Group). The round also featured participation from existing investors, including IvyCap Ventures, WFC, Growx Ventures, and prominent angel investors, bringing LISSUN’s total funding to over $2.3 million.

The newly acquired funds will be strategically allocated to further enhance their technology and product offerings, expand the scope of their services, and foster partnerships with healthcare institutions and other organizations.

“This investment signifies the validity of our approach to delivering scalable solutions within the mental health landscape. Our investors’ expertise and backing will empower us to improve our offerings and extend our reach. With this injection of capital, we take a step forward in realizing our vision of solving mental health at scale,” said Dr. Krishna Veer Singh, director and co-founder of LISSUN.

LISSUN operates with a unique B2H2C (Business to Healthcare to Consumer) strategy, collaborating with healthcare institutions to tackle high-stress use cases across various domains such as infertility, rehabilitation, nephrology, and oncology. They also extend their services to the education sector, aiming to make mental health solutions accessible and affordable to a broader demographic. LISSUN boasts over 150 partnerships with industry players in both healthcare and education.

“We are still unaware of how to deal with mental issues as stigma is attached to them.” The company’s acumen in creating scalable mental and emotional healthcare solutions is commendable. Their B2H2C model and unwavering dedication to reinventing conventional solutions underscore their profound understanding of the opportunities and challenges within this sphere. We are confident that their work will have an impact, reshaping the approach to mental health,” said Vinay Bansal, Founder, of Inflection Point Ventures.

Additionally, Rainmatter Health, backed by Zerodha founder Nithin Kamath, made its inaugural investment in the mental health industry with LISSUN. Dilip Kumar, who heads Rainmatter Health, states, “Mental health issues in India are often neglected and stigmatized. There is a growing need to build awareness to address the societal barriers and misconceptions surrounding it. At Rainmatter Health, we are glad to join Lissun in their journey as they try to tackle these issues.”

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