A digital platform which provides mental health support and wellbeing coaching is to create new jobs at its Manchester office after raising €3m.
Dublin-based Spectrum.Life, which works with the likes of Vodafone, Microsoft and Intel, has announced the completion of a fundraise with Act Venture Capital.
The funds will be used to triple Spectrum.Life's research and development team as it doubles down on product and engineering in response to greater needs for virtual interventions and services.
Spectrum.Life have also added to its board with Gareth Morgan, former vice-president of Google Cloud joining and becoming a shareholder in 2020, alongside Alison Platt, former MD of BUPA International and current non-executive director at Tesco, and chairman Gareth Chick, a former CFO and CEO of both public and private companies.
The funds will also be used for the continued expansion into the UK market, with an eye to other international markets in Europe, Asia, Australia and New Zealand.
Spectrum.Life's Manchester office will see a number of new roles across sales, marketing and partnership development.
Stephen Costello, CEO and co-founder of Spectrum.Life, said: "There are over 300,000 apps already out there focused on health and wellbeing. We didn't want to be just one more.
"For us, it's about getting people the support, help or motivation they need- not just more technology. We're about matching our services with the best interventions and services for people to live their best lives and thrive.
"We were incredibly nimble over the course of the pandemic as the demand from employers in particular increased, as they knew this was a challenging time for their teams.
"With this investment, we'll be able to take our virtual counselling and coaching products to the next level, through the use of AI and machine learning – giving our coaches and clients all the tools they need to succeed in their goals."
