Natick-based online mental health provider raises $30M
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Uwill is based at 1075 Worcester Street in Natick, an office and lab space which displays the name of an engineering consulting firm.
Uwill, an online mental health and wellness solution founded in 2020 to supplement campus counseling centers facing high student demand for support, has completed a $30-million Series A funding round. Education Growth Partners out of Stamford, Connecticut, funded the investment for Natick-based UWill.
The Uwill platform serves 1.5 million students worldwide at more than 150 colleges including Boston College, Dartmouth College in New Hampshire, and the University of Michigan, according to a Tuesday press release from the company.
"We have been particularly impressed by the company's ability to work collaboratively with college leaders and existing mental health support to fill unmet needs on campus. Uwill's solution offers high value to colleges and, most importantly, to students at a time when mental health is of paramount importance," Andy Kaplan, managing general partner at EGP, said in the press release.
"The astounding impact and growth that Uwill has achieved in a short period of time cannot be overstated," said Kaplan in the press release.
According to the release, Uwill has seen revenue growth of 9,400% in its first three years.
The Uwill platform matches students with licensed therapists and provides crisis support and on-demand wellness events, according to its website. The Uwill model allows for immediate appointments with a therapist based on student preferences.
"We built Uwill to provide students with immediacy, choice, and a frictionless experience to receive the mental health support they need in a way that works best for them," Michael London, founder and CEO of Uwill, said in the press release. "We look forward to collaborating with our clients and EGP to continue to remove barriers to mental health support and help as many students as possible. EGP's focus and expertise in education makes them an ideal partner to support Uwill's continued success."
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