CPE News (2.8.2024) – TELUS Corporation (TSX: T, NYSE: TU) has acquired a significant stake (between 25-50%) in Bristol, UK based TalkLife Ltd.
The financing closed in October 2023. Rohit Nuwal from TELUS Ventures has joined TalkLife’s 5-members board of directors.
TalkLife Ltd is an innovative global online peer support community for people to talk about their mental health. Harnessing the power of peer support, TalkLife offers instant connection for those who may be feeling isolated or alone combined with professional clinical moderation, real time escalation and world class ML technology.
TalkLife is also a valued partner of TELUS Health.
TELUS’ investment in TalkLife will power the company to expand its reach with a focus on building out its presence in the North American market
photo credit: TalkLife
TalkLife secures new investment from TELUS to improve mental health support
Amid a global mental health crisis, TELUS is exploring new, innovative ways to make mental health support more accessible by partnering with peer support platform TalkLife creating a safe space for people to connect
VANCOUVER, BC and BRISTOL, England, Feb. 8, 2024 /CNW/ – UK-based scaleup TalkLife, an innovative global online peer support community for people to talk about their mental health, has secured a capital investment from TELUS Ventures, the investment arm of world-leading communications technology company, TELUS. Using elements of social networking combined with a safe, supportive environment, the TalkLife platform delivers real-time, ongoing peer support to more than five million lives worldwide at any time of the day or night across multiple languages, providing clinical escalation and real-time professional moderation. It specializes in offering tailored support to key demographics including over 250 universities and colleges and hundreds of companies from SMEs to multinationals via their tailored platforms TalkCampus and TalkLife Workplace.
TalkLife is also a valued partner of TELUS Health, a global healthcare leader supporting over 69 million lives worldwide. Integrated into TELUS Health’s employee assistance program (EAP), TalkLife plays an important role in supporting one of the largest employer-funded healthcare networks globally. Together, this powerful synergy enables people in both the academic and employer markets to lead healthier and more fulfilling lives.
“No one should struggle alone, and we believe that peer support has the power to break the stigma around mental health. Technology allows us to create safe spaces for people to connect and share whenever they need to and wherever they are,” said Jamie Druitt, CEO of TalkLife. “TalkLife is pioneering a new kind of mental health support that’s accessible, relevant, and has the research backing to prove that it really works. With the support of TELUS Ventures and TELUS Health, we will be able to power our growth and reach millions more people through both our free app and our specialized platforms for students and employees.”
TELUS Ventures’ investment in TalkLife will power the company to expand its reach with a focus on building out its presence in the North American market. It will contribute to scale operations, and cement TalkLife’s place as the leading peer provider of mental health support globally, helping those who might struggle to access traditional mental health support because of stigma, cost, or availability. TalkLife has partnered with world leading researchers from Harvard, MIT, Microsoft Research, University of Washington and Cornell University as it continues to drive forward understanding of how technology and the internet can foster supportive online engagements for those struggling.
“TELUS Ventures’ mission is to find the best companies in the world and help them transform and grow while they tackle some of today’s biggest challenges,” said Terry Doyle, Managing Partner and Vice-president, TELUS Ventures. “By investing in TalkLife, and through the partnership with TELUS Health, we are leveraging cutting-edge technology to bring people together and break down barriers. We have seen the impact of their product first-hand and we’re proud to support them as they develop safe, judgment-free communities all around the world to make mental health support more accessible. This is an investment that aligns with TELUS values of supporting solutions that drive better health outcomes.”
About TELUS Ventures
As the strategic investment arm of TELUS Corporation (TSX: T, NYSE: TU), TELUS Ventures is one of Canada’s most active corporate venture capital funds. Operating across 30 countries globally, TELUS is a dynamic, world-leading communications technology company that designs, builds and delivers next-generation solutions for global brands across high-growth industry verticals. TELUS Ventures invests globally in companies from Seed to Pre-IPO with a focus on innovative technologies such as AgTech, Digital HealthTech, Consumer Connectivity, IoT, 5G, and Business Enablement Platforms to actively drive new solutions across the TELUS ecosystem. Led by a team of experienced operators, investors and executives, the Ventures team is passionate about creating positive social impact through financial tools and has invested in more than 150 companies since inception. For more information please visit https://www.telus.com/en/ventures.
TalkLife Ltd builds engaging, relevant and safe online spaces for people around the world to give and get support for their mental health. Harnessing the power of peer support, TalkLife offers instant connection for those who may be feeling isolated or alone combined with professional clinical moderation, real time escalation and world class ML technology.
TalkLife specialises in providing bespoke peer support products for students via TalkCampus and employees via TalkLife Workplace in addition to its free to use public offering.
TalkLife is staffed by a diverse global team of 50, with Head Quarters in Bristol, UK.
For more information please visit: https://www.talklife.com/
TELUS Media Relations
SOURCE TELUS Ventures