About Foremind
Foremind is a company based in Canberra (Australia) founded in 2021 by Joel Anderson.. Foremind has raised $200 thousand across 1 funding round from investors including Skalata. Foremind offers products and services including EAP Platform and Risk Assessment Tools. Foremind operates in a competitive market with competitors including AbleTo, Lyra Health, Wysa, Koa Health and Amaha, among others.
- Headquarter Canberra, Australia
- Founders Joel Anderson
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Sihq Pty. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200 K (USD)
in 1 rounds
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Latest Funding Round
$200 K (USD), Seed
Jan 25, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Foremind
Foremind offers a comprehensive portfolio of products and services, including EAP Platform and Risk Assessment Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides tools for employee counseling and wellbeing management
Enables hazard reporting and real-time compliance tracking for businesses
Funding Insights of Foremind
Foremind has successfully raised a total of $200K through 1 strategic funding round. The most recent funding activity was a Seed round of $200 thousand completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $200,000
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First Round
First Round
(25 Jan 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - Foremind | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Foremind
Foremind has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Skalata. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm providing investment and support to pre-seed founders in Australia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Foremind
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Foremind
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Foremind Comparisons
Competitors of Foremind
Foremind operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AbleTo, Lyra Health, Wysa, Koa Health and Amaha, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
AI-powered mental health benefits for employers are provided.
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| domain | founded_year | HQ Location |
AI-driven mental health support platform is provided by Wysa.
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| domain | founded_year | HQ Location |
Digitally-enabled mental health therapies and platform solutions are provided.
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| domain | founded_year | HQ Location |
Provider of online counseling platform for psychological problems
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| domain | founded_year | HQ Location |
Meditation, sleep, and relaxation are supported via a digital app.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Foremind
When was Foremind founded?
Foremind was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Foremind located?
Foremind is headquartered in Canberra, Australia. It is registered at Canberra, Australian Capital Territory, Australia.
Who is the current CEO of Foremind?
Joel Anderson is the current CEO of Foremind. They have also founded this company.
Is Foremind a funded company?
Foremind is a funded company, having raised a total of $200K across 1 funding round to date. The company's 1st funding round was a Seed of $200K, raised on Jan 25, 2023.
What does Foremind do?
Digital platform to manage employee mental health and psychosocial hazard compliance. It provides a comprehensive platform to help organizations manage compliance, foster employee wellness, and support mental health.
Who are the top competitors of Foremind?
Foremind's top competitors include Lyra Health, Calm and Amaha.
What products or services does Foremind offer?
Foremind offers EAP Platform and Risk Assessment Tools.
Who are Foremind's investors?
Foremind has 1 investor. Key investors include Skalata.