Mental Health App Meditopia Raises $15 Million In Funding

Istanbul and Berlin based mental health app Meditopia raised $15 million (€13M) in a Series A funding co-led by Creandum and Highland.

Demand for meditation & mental health apps is now higher than ever as we’ve gone through very challenging days due to the Coronavirus Pandemic. In a previous article, we shared with you that mental wellness apps’ downloads increased by 24% compared to the beginning of the year. It is beyond doubt that this growth is largely due to millions of people looking for activities to spent time while in quarantine. 

Launched in 2017, Meditopia has become the most downloaded meditation app in non-english speaking countries. This is mostly because the company is very good at localizing its product for different markets, cultures and languages. It works with 75 professionals from 75 different regions.

Our mental wellbeing is deeply rooted in our culture and the events happening around us, the way we speak, people we interact with, the community we live in, politics and so on. These are the main factors that affect our peace. Therefore mental wellness needs to be handled locally, personalized to our local needs and culture.

Berk Yilmaz, Meditopia Co-Founder

The company just announced that it secured $15 million in the Series A funding round co-led by Creandum and Highway.

The coronavirus pandemic has thrown mental health into stark view but there has been a mental health crisis bubbling under the surface for decades. For too long, the technology available was created for English-speaking groups alone. Meditopia provides the alternative; a solution that helps its members get to the heart of what they need in a way that suits them. We’re thrilled to be a part of getting this vital service to those people.

Fergal Mullen, Founding Partner at Highland Europe