Business

Zenklub raises a BRL 45 million round from SK Tarpon and GK Ventures

The startup raised its second institutional investment round after significant growth in recent months on account of COVID-19

Zenklub's founders Rui Brandão and José Simões. Photo: Courtesy
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  • The transaction takes place through the managers Kamaroopin and GK Ventures;
  • Zenklub saw the number of customers increase by 515% and the number of online consultations skyrocketed to 50,000 per month in 2020.

Portugal and Brazil-based mental health startup Zenklub announced on Wednesday that it has raised a BRL 45 million round led by SK Tarpon and GK Ventures. The round also had a participation of Portuguese investor Indico Capital Partners.

The transaction takes place through the Kamaroopin managers, whose strategy is to invest and support companies undergoing rapid growth in the creation of lasting value, and GK Ventures.

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Zenklub is the first investment of these managers in the healthcare market. It is also Zenklub’s second institutional fundraising round. Founded in 2016, the firm saw the number of clients increase by 515% and the number of online consultations skyrocketed to 50,000 per month in 2020.

Today the platform offers online sessions with more than 800 psychologists, psychoanalysts, coaches, and therapists, in addition to training socio-emotional education and a solution with strategic data for Human Resources and leadership. Last year, demand for healthcare solutions for companies grew by 1,683% and Zenklub started 2021 serving more than 200 corporate customers.

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According to Rui Brandão, CEO and co-founder of the startup, with the contribution, Zenklub reinforces the cash to boost its growth in 2021. “We want to take the corporate emotional health project to another level, contributing as a consultancy and offering data to the market. The investment will further enhance our professional training and education projects, investing in technologies and using telepsychology expertise to develop the sector. Also, we will work on customizing the platform according to the needs of each individual, thus creating specific emotional development plans, ”he said in a press statement.

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Pedro Faria, co-founder of SK Tarpon and Kamaroopin, stated that the coronavirus pandemic only revealed an old problem that was not always understood by the majority of the population, mainly due to a stigma and lack of understanding of its dimensions and manifestations in health as one all. “We found Zenklub to be a great opportunity to act on a problem of global dimensions, which, due to the lack of treatment, costs more than $1 trillion to the world economy, with Brazil being one of the leaders in terms of anxiety and depression.”

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