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Uwill, the leading mental health and wellness solution for colleges and students, recently announced that it has raised $30 million as a part of its Series A round led by Education Growth Partners (EGP), a top private equity firm dedicated to providing growth capital in the education, workplace, and learning sectors. The Boston-based company plans to utilize the funds to accelerate growth and expand student support.
Founded in 2020 by Michael London, Uwill aims to increase access to mental wellness support by partnering with colleges to provide free teletherapy for their students. Students have immediate access to a counsellor at a time that fits their schedule. Utilizing its proprietary technology and counsellor team, the startup launched a student and therapist matching platform, which offers an appointment with a licensed counsellor based on student preferences, all modalities of teletherapy, an immediate crisis connection, wellness events, real-time data, and support.
Speaking about the capital raised, Founder & CEO of Uwill, Michael London, said: “We built Uwill to provide students with immediacy, choice, and a frictionless experience to receive the mental health support they need in a way that works best for them. We look forward to collaborating with our clients and EGP to continue to remove barriers to mental health support and help as many students as possible. EGP’s focus and expertise in education make them an ideal partner to support Uwill’s continued success.”
Uwill claims to have partnered with more than 150 institutions, including Boston College, the University of California Santa Barbara, the American Public University System, and the University of Maryland, College Park.
Managing General Partner of Education Growth Partners, Andy Kaplan, added: “We have been particularly impressed by the company’s ability to work collaboratively with college leaders and existing mental health support to fill unmet needs on campus. Uwill’s solution offers high value to colleges and, most importantly, students at a time when mental health is paramount. The astounding impact and growth that Uwill has achieved in a short period cannot be overstated.”
As a part of the deal, Raymond James served as Uwill’s financial adviser.
In 2020, Uwill had raised $3.25 million in a seed round led by Darryl McDaniels, a founding member of the hip-hop group Run-DMC member.
