Siggy Raises $6M Pre-Seed to Develop AI-Powered Mental Health Platform

Pre-Seed Funding Secured

Siggy, a mental health startup, has announced it raised $6 million in pre-seed funding. This investment will be used to develop its AI-driven platform, hire additional clinicians and engineers, and address regulatory requirements. The funding round was led by Village Global, with participation from investors including Albert Wenger of Union Square Ventures, Immad Akhund, Toyin Ajayi, PsyMed Ventures, Mystic Ventures, and Gokul Rajaram.

Founders' Background

The company was co-founded by Jonathan Sabbagh and Edvard Engesæth. Sabbagh previously co-founded Journey Clinical, which supports practices offering ketamine-assisted psychotherapy. Engesæth co-founded Nurx, an online platform for birth control and other healthcare services. Both founders have experience in building businesses that provide healthcare services outside traditional doctor's offices.

AI-Powered Patient Monitoring

Siggy's platform addresses a common issue in mental healthcare where therapists and prescribers often work separately, leading to limited communication about patient progress between appointments. The platform uses AI conversations and daily check-ins to gather patient information, which clinicians can review. This aims to provide clinicians with a more complete picture of the patient's condition and response to treatment.

Service Model

Patients begin by engaging in a free AI conversation to provide their history. Following this, they have a video consultation with a licensed clinician who reviews the collected information, makes a diagnosis, and prescribes medication if necessary. Patients can continue to interact with Siggy's AI between appointments for ongoing check-ins.