Company Profile: Feeling Great

Background

Overview

Feeling Great is a mental health technology company that launched its flagship product, the Feeling Great app, in August 2024. The app is designed to assist individuals in managing negative emotions and enhancing self-esteem through AI-driven cognitive behavioral therapy (CBT) techniques. The company is headquartered in San Francisco, California.

Mission and Vision

The mission of Feeling Great is to make effective mental health care more accessible by leveraging advanced AI technologies to provide users with tools for emotional well-being. The vision is to empower individuals to transform their lives by offering a scalable solution to mental health challenges.

Primary Area of Focus

Feeling Great focuses on developing and delivering AI-powered mental health solutions, particularly through its mobile application, to help users manage negative emotions and improve self-esteem.

Industry Significance

In the context of the growing mental health crisis, Feeling Great's innovative approach positions it as a significant player in the digital mental health space, offering scalable and accessible solutions to a broad audience.

Key Strategic Focus

Core Objectives

Accessibility: Provide affordable and easily accessible mental health support through a mobile platform.

Scalability: Utilize AI to offer scalable solutions that can reach a large number of users simultaneously.

Effectiveness: Ensure that the app delivers proven therapeutic techniques to effectively address mental health issues.

Specific Areas of Specialization

Cognitive Behavioral Therapy (CBT): Implement CBT techniques to help users identify and challenge negative thought patterns.

AI Integration: Develop AI-driven features that provide personalized therapeutic experiences.

Key Technologies Utilized

Artificial Intelligence: Employ advanced AI algorithms to power the app's chatbot and interactive courses.

Mobile Application Development: Develop and maintain applications for iOS and Android platforms.

Primary Markets or Conditions Targeted

Geographical Markets: Initially launched in the United States, with plans for future expansion.

Target Conditions: Depression, anxiety, and other negative emotional states.

Financials and Funding

Funding History

In August 2024, Feeling Great raised $8 million in seed funding.

Recent Funding Rounds

Amount Raised: $8 million

Round Type: Seed

Date: August 2024

Notable Investors

Lead Investors: Learn Capital and TitleTownTech

Additional Participants: Lux Ventures, WaveMaker Three-Sixty Health, Pacific Health Ventures, and Treble Capital

Intended Utilization of Capital

The funds are allocated for the ongoing development and marketing of the Feeling Great app to ensure a high-quality user experience.

Pipeline Development

Key Pipeline Candidates

Feeling Great App: The primary product, an AI-driven mental health application.

Stages of Development

Launch Date: August 2024

Current Status: Available for download on iOS and Android platforms.

Target Conditions

Mental Health Issues: Depression, anxiety, and other negative emotional states.

Anticipated Milestones

User Growth: Expand the user base significantly in the first year post-launch.

Feature Enhancements: Introduce new features such as voice-based AI, long-term memory, and an anonymous mode.

Technological Platform and Innovation

Proprietary Technologies

T.E.A.M. Approach: Developed by Dr. David Burns, this approach focuses on Testing, Empathy, Assessment of Resistance, and Methods to provide effective therapy.

Significant Scientific Methods

Cognitive Behavioral Therapy (CBT): Utilized to help users identify and challenge negative thought patterns.

AI-Driven Personalization: Employs AI to tailor therapeutic experiences to individual user needs.

Leadership Team

Key Executives

Dr. David D. Burns: Co-founder and Chief Psychiatrist. A renowned psychiatrist and best-selling author with over 40 years of experience in psychiatry and cognitive behavioral therapy.

Jeremy Karmel: Co-founder and CEO. Former growth leader at DoorDash and Reddit, bringing expertise in scaling consumer products.

Matt Pierce: Co-founder and COO. Former CEO of Trusted Health, with experience in healthcare workforce services.

Competitor Profile

Market Insights and Dynamics

The digital mental health market is experiencing significant growth, driven by increasing awareness of mental health issues and the demand for accessible, affordable solutions. The market is characterized by a variety of players offering different approaches to mental health support.

Competitor Analysis

BetterHelp and Talkspace: Platforms connecting users with licensed therapists for online sessions.

Calm and Headspace: Apps focusing on meditation and mindfulness practices.

Woebot, Wysa, and Sonia: AI-driven therapy apps offering conversational support and CBT techniques.

Strategic Collaborations and Partnerships

Feeling Great has established partnerships with investors such as Learn Capital and TitleTownTech to support its growth and development.

Operational Insights

Feeling Great differentiates itself by integrating Dr. Burns' proprietary T.E.A.M. approach into its AI-driven platform, offering a unique blend of personalized therapy and technological innovation.

Strategic Opportunities and Future Directions

The company plans to expand its user base, enhance app features, and explore additional therapeutic techniques to further improve user outcomes. Future directions include integrating voice-based AI, long-term memory, and an anonymous mode to enhance user engagement and support.