Plumm Funding: £2.2M in B2B Mental Health Support Platform

November 20, 2023

Plumm Funding:  £2.2M in B2B Mental Health Support Platform

IW Capital, a renowned investment house, has recently injected £2.2 million into Plumm, a burgeoning B2B enterprise aimed at revolutionising mental health support within workplaces. This substantial investment, marking IW Capital's commitment to backing businesses that enhance people's lives, underscores the potential for growth and innovation in the mental health sector.

Plumm's platform offers a comprehensive suite of resources designed to address the evolving needs of employees in today's corporate landscape. From personalised therapy and coaching sessions to self-help resources and group learning, Plumm integrates human-centric solutions with cutting-edge technology to foster employee well-being. What sets Plumm apart is its exclusive content, crafted by accredited therapists, coaches, and mental health specialists, ensuring quality and relevance.

The timing couldn't be more apt for Plumm's expansion. With mental health issues on the rise globally, particularly in the wake of the COVID-19 pandemic, there's an increasing recognition of the importance of mental health support in the workplace. Statistics reveal a staggering 25% increase in mental health issues since 2020 in the UK alone, costing employers approximately £53 billion annually. Moreover, experts highlight an unmet need for mental health support among employees, signalling a ripe market for innovative solutions like Plumm.

Plumm's growth trajectory is impressive, boasting a remarkable 347% year-on-year increase. Its client roster includes esteemed names such as Treatwell, XE, Aster Group, Oyster HR, and Innocent Drinks, reflecting the confidence and trust placed in its offerings. With a solid foundation and a clear market demand, Plumm is poised for further expansion both domestically and internationally.

Asim Amin, Founder and CEO of Plumm, expressed gratitude for IW Capital's investment, emphasising the company's commitment to nurturing thriving employees and businesses. Plumm's platform offers a holistic approach to mental health support, encompassing various modalities such as meditations, soundscapes, online courses, chat therapy, and video sessions with a diverse network of therapists and coaches proficient in over 30 languages.

Looking ahead, Plumm plans to utilise the funds to bolster its partnerships, expand its sales and marketing teams, and enhance operations across the UK, as well as in key international markets like the EU, Middle East, and US. This strategic approach underscores Plumm's commitment to scaling its impact and reaching a broader audience in need of mental health support.

IW Capital's investment in Plumm is not just a financial transaction; it's a testament to the potential of businesses dedicated to improving mental well-being in the workplace. By supporting initiatives like Plumm, investors are not only driving financial returns but also contributing to a healthier, more resilient workforce.

In conclusion, Plumm's innovative platform represents a beacon of hope in the realm of corporate mental health solutions. With a focus on accessibility, quality, and sustainability, Plumm is poised to make a meaningful impact on the well-being of employees worldwide. As the demand for mental health support continues to grow, investments like IW Capital's serve as catalysts for positive change, ushering in a future where mental health is prioritised and supported in every workplace.

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