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Woebot Labs
Digital therapeutics for mental health
- 101-200 employees
- B2C
- Mental health
- SaaS
- Mobile
- Wellbeing
- MedTech
- SoMa, San Francisco, CA
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Company mission
Woebot's mission is to create new ways to deliver mental health care, so people can access effective support at any moment.
19% employee growth in 12 months
Our take
With the mental health crisis only exacerbated by the events of recent years, and clinical care struggling to work through the backlog, many US citizens are not receiving the critical care they need to manage their mental health. Woebot is a tech startup looking to address this issue, with an AI chatbot designed to provide 24/7 front-line mental health support to its users.
The company has received plenty of column inches and strong financial backing. Importantly, however, it is getting the clinical thumbs up too: Woebot received the FDA’s breakthrough device designation for its use in post partum depression cases. This step has only been completed by other apps for separate mental health issues such as Vorvida for problem drinking and Pear Therapeutics for opioid abuse.
The use of digital therapeutics is expected to begin gaining real momentum over coming years, as the need for clinical support increases and the complexity and efficacy of mental healthtech develops. Funding has, consequently, spiked for healthcare bots, and Woebot has been a major beneficiary, but if the market proves as hot as anticipated, it may have to watch its back against smaller competitors like Wysa, Youper, and X2.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Health and wellness - Competitive health packages to keep you healthy and happy. We provide healthcare, dental and optical both to you and your dependents
- Flexible time off - We work hard but also believe that taking time off from work is essential, both personally and professionally. We offer a flexible policy that allows you to take the time you need when you feel it’s appropriate
- Learning and development - We set aside a yearly stipend to support your learning interests — whether it’s coding, writing or attending conferences – we are committed to investing in your professional growth and success
- Parental leave - We want Woebot Health to be a place for all kinds of families. We offer generous parental leave for both parents for birth and adoption
- Snacks, at home - Every month you can choose your NatureBox snacks for home delivery. There’s Peanut Butter Maca Cookies, Turmeric Black Pepper Popcorn, Shortbread Cookies, Honey Dijon Pretzels, Dried Mangos…ok, stop. We’re hungry
Company values
- Empathic - You’re a compassionate person and a team player motivated to understand others and help them be successful, too. You care as deeply for your colleagues as you do for our mission and our users
- Growth mindset - You believe abilities – like intelligence and talent – can be developed through dedication and hard work. You see failure as an opportunity to grow and welcome feedback as a pathway to your continued success
- Humble - You recognize that you are one among many, and you hold a genuine desire to discover what other people can offer. You are intrigued by how others think, and how others feel differently from you. You lean into these moments with patience and curiosity
- Self-aware - You possess a high level of emotional intelligence, which allows you to understand yourself and others, and to have a healthy emotional life in the workplace
- Proactive and flexible - You are able to hit the ground running, you take responsibility for finding a way to get the job done. You learn as quickly as possible and sometimes do things outside the immediate scope of your work, giving it all you’ve got
- Strong work ethic - You’ve mastered healthy habits in your life that allow you to do great things. You exemplify dedication and commitment to coming up with very good results in your work and inspire others to do the same
Funding (last 2 of 4 rounds)
Mar 2022
$9.5m
LATE VC
Jul 2021
$90m
SERIES B
Total funding: $123.3m
This company has top investors
Leadership
Alison Darcy
(Founder & President)A Psychologist and healthcare designer with over 20 years experience building health tech. Gained her PhD at Stanford University School of Medicine, before working as a Senior Investigator and returning to Stanford as an Instructor.