Brisbane-based iNSPIRETEK raises $2.5M to expand into US market

January 11, 2022 08:16 PM AEDT | By Samta

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Brisbane-based iNSPIRETEK raises $2.5M to expand into US market — Image source: TheVisualsYouNeed, Shutterstock.com

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Highlights

Australian mental health platform iNSPIRETEK has raised $2.5 million to expand across the US market.

iNSPIRETEK automates mental health interventions via its confidential data-driven technology used by over 10,000 school-aged athletes.

Australian mental health platform iNSPIRETEK has raised $2.5 million as the company aims to expand across the US market.

Company’s founder Annie Flamsteed aims to help young athletes worldwide, including children, care for their emotional wellbeing.

Led by venture capital firm -Investible, the capital raise caught the attention of prominent tech founders, including Matthew Browne of Donesafe, David Shein of Com Tech and Vu Tran of GO1.

iNSPIRETEK automates mental health interventions via its confidential data-driven technology, which more than 10,000 school-aged athletes and more than 40 organisations are currently using.

On the fundraising, Annie Flamsteed said that the company aims to expand through Europe and the US for sales expansion. The company plans to have over three million users in mid-2022.

Bottomline

As iNSPIRETEK solves a globally prevalent problem, expanding into new markets is likely to accelerate the company's overall growth.

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