Kyan Health receives funding of 16.7 million dollars

The start-up Kyan Health, based in Zollikon, has received 16.7 million dollars from investors. The money from two rounds of financing will be used to expand the platform, which combines employee well-being with measurable business impact, according to a press release.

With predictive analytics, Kyan helps companies to monitor and reduce risks such as absenteeism, staff turnover and presenteeism - working despite illness - while empowering employees to give their best.

The financing includes a previously undisclosed $4 million seed round led by Amplo VC and a $12.7 million Series A round led by venture capital and private equity backer Swisscom Ventures in Zurich. According to the press release, GreyMatter Capital, naturalX Health Ventures, Founderful, Joyance Partners and several angel investors were involved, providing business support as well as money. This brings the total financing of the company, which was founded in March 2021, to 18.4 million dollars.

Kyan Health was co-founded by Vlad Gheorghiu, Konstantin Struck and Ignacio Leonhardt. Gheorghiu was head of the global mental health program at the management consultancy McKinsey. "Mental health is not a flash in the pan - it is the backbone of a thriving workforce," Gheorghiu is quoted as saying. It is about "making mental health measurable and giving organizations the opportunity to act before a crisis occurs."

According to the Kyan report, companies worldwide spend over 94 billion dollars a year on workplace wellbeing initiatives. ce/gba