Digital health platform SilverCloud Health raises €14.7m
08 April, 2020
This company has made its programmes available free to 150m people during Covid-19 crisis.
SilverCloud Health, an Irish tech company that provides online therapy and wellness programmes, has confirmed a new $16 million (€14.7 million) funding round.
The financing brings total funds raised to date by the Dublin-headquartered company to over $30 million.
SilverCloud has developed a digital health platform that is used by over 300 organisations. These include the Health Service Executive and Britain’s National Health Service, for whom the company delivers over 70 per cent of its mental health programmes.
A spin-out from a collaborative project between the National Digital Research Centre (NDRC), Mater University Hospital and Trinity College Dublin, SilverCloud was established following over 10 years of advanced clinical and academic research.
The company’s platform enables healthcare organisations to deliver a broad range of evidence-based clinical content, programmes and support in the areas of mental health and chronic/long-term illness.
Founder and chief executive Ken Cahill said the new financing will be used to expand its programme portfolio, conduct additional research and clinical trials and further boost its presence in international markets.
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