Phable HealthCare

May 2, 2023, NATICK, Massachusetts- Uwill, the top provider of mental health and wellness services for universities and students, reported that its USD 30 million Series A investment round was successful. The investment strengthens Uwill’s position as one of the country’s fastest-growing EdTech businesses and college administrators and students’ chosen mental health partner nationwide. Uwill is situated in Boston. The investment was made by renowned private equity firm Education Growth Partners (EGP), which specializes in delivering growth capital to the education, workplace, and learning sectors.

“The company’s capacity to collaborate with college officials and existing mental health resources to address unmet needs on campus has really impressed us. At a time when mental health is of the utmost significance, Uwill’s solution offers significant value to universities and, most crucially, to students, according to Andy Kaplan, managing general partner at EGP. It is impossible to overestimate the incredible impact and growth that Uwill has had in such a short time.

Uwill was established in 2020 to help campus counseling centers deal with the rising demand from students for mental health care. Since then, it has established a reputation as the top mental health service, supporting more than 1.5 million students globally. Uwill has established connections with more than 150 institutions in just three years, and its 9400% sales growth has made it one of the fastest-growing private enterprises in the country. Uwill now works with prestigious colleges and universities, including Dartmouth College, Florida Gulf Coast University, and the University of Michigan, to serve students and institutions in all 50 states.

Uwill invented the first student and therapist matching platform using in-house technologies and counseling staff. The solution provides all teletherapy modalities, an immediate crisis connection, wellness events, real-time data, assistance, and an immediate appointment with a licensed counselor based on preferences.

According to Michael London, founder, and CEO of Uwill, “We built Uwill to provide students with immediacy, choice, and a frictionless experience to receive the mental health support they need in the way that works best for them.” “We are eager to work with our customers and EGP to further eliminate obstacles to mental health care and support as many kids as possible. EGP is a great partner to help Uwill continue to succeed because of its emphasis on and experience in education. 

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.

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