The focus on mental health and wellness has become increasingly more prevalent in recent years. But not only can it be extremely difficult to find the right resources as a patient and a provider, there still exists stigma around the act of seeking help. Mental wellness network Frame seeks to fix that, and not a moment too soon during the pandemic.
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COVID-19 created a new normal that has upended work, life and finances and the reality is that everyone is just going to have reshuffle how we live, recalibrating employee expectations and creating more space for family.
That's the takeaway from dot.LA's strategy session on Tuesday with clinical psychologist Crystal Clements, Advekit chief executive and cofounder Alison LaSov and venture capital firm Crosscut Venture's managing director Brian Garrett. The panelists admitted they have all suffered from some anxiety due to the economic downturn and have found themselves reprioritizing their lives and looking for comfort in routines.
Headspace raised $93 million in debt and equity as the Santa Monica-based mindfulness company aims to fend off competition from rivals like Calm by growing globally as it pursues ambitious plans to launch the first FDA-approved meditation app.
The company, which is riding the wave of wellness as everyone from Wall Street traders to school teachers embrace meditation for health, announced Wednesday that it will pump funds into their direct-to-consumer business, where revenue has doubled year-over-year from 2017 to 2019.
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