Health tech startup My Mirror secures $4 million in funding
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The news: Australian health tech company My Mirror has secured $4 million in funding led by Perth-based venture capital fund Purpose Ventures, with participation from existing investors including venture capital investor Roger Allen.
The funding round will be used for platform development and expansion into New Zealand.
The numbers: The company provides digital mental health services and has delivered over 60,000 psychology sessions to more than 18,000 Australians.
The mental health market in Australia is estimated to be worth more than $4.5 billion.
The context: My Mirror was founded by Dr Matthew Zoeller, an intensive care consultant, and Josh Liwszyc to address systemic barriers in mental health care access.
The company has developed proprietary software that provides immediate access to telehealth psychology services across various funding streams including Medicare, employee assistance programs, insurers, DVA and NDIS markets.
The platform connects referrers, triage services, help seekers, funding sources, and clinicians.
What they said: "My Mirror is uniquely positioned to scale, connect parts of the ecosystem, and deliver meaningful improvements in mental health care. We are grateful for the continued support of our investors and are excited to welcome Purpose Ventures," Liwszyc said.
The source: My Mirror press release
