Felt's technology, initially designed for a consumer-facing app, will be paired with Journey's existing human-enabled therapist pairings to better match employees with therapists. Journey's platform provides employees access to Masters-Level Clinicians who will use Felt's technology to find the perfect match. Journey has raised $6 million in funding to date and has grown 800% since the start of the pandemic. The company does not plan to raise additional capital.
Key takeaways:
- Journey, a mental health company focused on employees, is acquiring Felt, a startup that uses AI to match individuals with therapists.
- Felt's technology, which uses natural language processing and machine learning to predict compatibility between a user and a therapist, will be integrated into Journey's backend product and Proactive EAP platform.
- Journey's platform provides employees access to Masters-Level Clinicians who will use Felt's technology to better match employees with therapists.
- Journey has grown 800% since its last funding round prior to the pandemic and does not plan to raise additional capital.