Mental health tech firm Frog Systems 'blazing trail' with latest six-figure fundraiser

Mental health and wellbeing technology company Frog Systems has today hailed its latest funding round generating £846,000, and said it is looking to go to the market to raise further capital in 2022.

Mental health tech firm Frog Systems 'blazing trail' with latest six-figure fundraiser
© ‘The board is confident that we are now blazing a unique trail in the welltech market,’ says chairma…

The Glasgow-based tech firm – which is chaired by business veteran Nick Kuenssberg – said the lion’s share (£500,000) came from majority shareholder Aldridge Capital.

The latest capital raise was also opened up to members of staff as well as existing shareholders, with shares priced at a 10 per cent premium over a previous round of about £500,000 at the start of the year, and 85 per cent of staff subscribed for shares for the first time.

The business said the capital raise allows for an increase in its share options pool that will ensure that every current and future member of staff “has a vested interest in the company’s future,” adding that the funds will help increase recruitment and move to the next stage of product development.

READ MORE: Staff wellbeing should be top of your agenda – Nick Kuenssberg

Mr Kuenssberg said: “We have spent the past year building a very strong and experienced management team, recruiting some exceptional talent, and successfully taking our wellbeing software Ashia to market where we now work with a wide range of blue-chip organisations across multiple sectors.

“The board is confident that we are now blazing a unique trail in the ‘welltech’ market. The fact that staff have been so supportive of this capital subscription demonstrates the personal faith they have in the company and its future,” added the businessman, a former chairman of Glasgow cloud computing firm Iomart who has served as a director of companies including Standard Life Assurance, Scottish Power and Dawson International.

Frog Systems says its “innovative” digital approach, combining “lived experience” video with hyper-local support and resources on a single page to generate anonymised data that tracks wellbeing issues, is being used by a growing number of companies and communities across the UK.

The company said it “has a strong pipeline of commercial opportunities and plans to go to the market to raise funds to further accelerate growth early next summer”.

Chief executive Phil Worms commented: “We are particularly delighted with the enthusiasm of our team for what we are trying to achieve at Frog Systems. Our employees are as invested in us as we are in them, and together we are committed to a long-term vision of giving people purpose to improve outcomes in their lives through the wellbeing platforms we build.”

Frog Systems was founded in 2015 and launched its welltech software to the commercial market in 2019. It now has 20 staff, and earlier this year it took on four young graduates through the Kickstart scheme, “all of whom have been, or are about to be, given permanent roles”.

Other milestones include being named winning start-up at the 2020 Startup Summit, organised by FutureX. This year, for example, has seen it team up with

Glasgow-based equipment hire company GAP Group to launch what was billed as the industry’s first mental health and wellbeing platform.

A message from the Editor:

Thank you for reading this article. We’re more reliant on your support than ever as the shift in consumer habits brought about by coronavirus impacts our advertisers.

If you haven’t already, please consider supporting our trusted, fact-checked journalism by taking out a digital subscription.

News Related

OTHER NEWS

All you need to know about the brand new series of Good Karma Hospital

We’re heading back to beautiful south India on Sunday 23 January as the medics of The Good Karma Hospital return to the wards for a fourth series. As always, Dr ... Read more »

Love Island star reveals struggle with PTSD after losing month-old daughter

Love Island star Malin Andersson has marked three years since her baby daughter passed away in hospital. (Getty Images) Malin Andersson has revealed her struggle with post-traumatic stress disorder (PTSD) ... Read more »

Taliban delegation begins talks in Oslo

A Taliban delegation led by acting Foreign Minister Amir Khan Muttaqi has started three days of talks in Oslo with Western government officials and Afghan civil society representatives. Starting on ... Read more »

Dhanush's brother-director Selvaraghavan tests positive for COVID-19

© Provided by Zee News Superstar Dhanush’s brother- filmmaker Selvaraghavan has tested positive for COVID-19. The 44-year-old director took to his Twitter handle on Sunday to confirm the news. © ... Read more »

3 Manitoba speed skaters aim to follow in steps of legendary local Olympians, inspire next generation

Manitoba has a long and decorated Olympic history in long track speed skating that dates back 90 years. Winnipeg’s Heather McLean and Tyson Langelaar, along with Alexa Scott of Clandeboye, ... Read more »

Jagran Explainer: German Navy chief's Putin-centric comments in Delhi, his resignation and its impact on Russia-Ukraine conflict

© Provided by Jagran English New Delhi | Jagran News Desk: German  Navy chief’s sympathetic comments for Russia and Russian President Vladimir Putin at Delhi’s Manohar Parrikar Institute for Defence ... Read more »

Vijay Antony starrer director C.S. Amudhan's film titled 'Ratham'

© Provided by Pinkvilla Director C.S. Amudhan’s eagerly-awaited film, featuring actor Vijay Antony in the lead, has been titled “Ratham”. Making the announcement on Twitter on Sunday, actor Vijay Antony ... Read more »

Meghalaya reports 318 fresh COVID-19 cases, 1 new death

Meghalaya on Sunday recorded 318 new COVID-19 cases, 88 less than the previous day’s count, pushing the tally to 88,459, a senior health department official said. Health Services Director Dr ... Read more »

Makeup Primer: ALL you need to know about the base & benefits of applying it before makeup

Often, makeup artists swear by primers before the application of makeup. While they have been ignored for ages together, makeup primers are a product that almost every beauty junkie swears ... Read more »

Winners of Subhash Chandra Bose Aapda Prabandhan Puraskar announced

© Provided by The Statesman Winners of Subhash Chandra Bose Aapda Prabandhan Puraskar announced The Gujarat Institute of Disaster Management (GIDM) and Professor Vinod Sharma (in the Individual category) have ... Read more »

He's one of Australia's most beloved comedians - but can YOU identify him from this childhood image where he rocks mini dreadlocks?

He’s one of Australia’s most beloved comedians.  And during an interview with Avril Lavigne on The Sunday Project, he shared a throwback image from his teen years.  The 36-year-old comedian ... Read more »

How young woman with 'half a heart' is attending university, travelling and about to go skydiving after ignoring doomsayer doctors' warnings

Taylor Colvin, 21, from Canberra has half a heart due to rare conditionThe young woman relies solely on the right side of her heart to support her bodyShe says she ignores doctors who tell her 'what she can't do' Read more »

Rafael Nadal beats Adrian Mannarino to reach Australian Open quarter-finals

© AFP Spain’s Rafael Nadal serves against France’s Adrian Mannarino during their men’s singles match on day seven of the Australian Open tennis tournament in Melbourne on January 23, 2022 ... Read more »

Novak Djokovic gets huge French Open boost as France introduce 'new vaccine passport rule'

Novak Djokovic will reportedly be able to defend his French Open title in 2022 regardless of his Covid vaccination status. The world number one was sensationally deported from Australia after ... Read more »

Harry Maguire jets off to Dubai with Fern Hawkins and Jordan Pickford

Harry Maguire cut a casual figure as he arrived at Manchester Airport in time for a flight to Dubai with his fellow Premier League footballers on Saturday night. The Manchester United ... Read more »

Hong Kong: One surrendered hamster tests Covid positive, over 2,500 animals culled

One of the hamsters surrendered to authorities in Hong Kong has tested positive for Covid-19, officials said. Earlier this week, the Southeast Asian region announced a drive to cull nearly ... Read more »

Rob Beckett says he's in trouble after 'revealing' he's Masked Singer's Traffic Cone

Rob Beckett said he’s now in trouble with ITV after ‘revealing’ he’s The Masked Singer ‘s Traffic Cone. The funnyman drove his followers wild when he took to Twitter recently ... Read more »

‘Love him’, ‘Main man’ – These Birmingham City fans send message to key figure after crucial win

© Provided by Football League World Championship – Huddersfield Town v Birmingham City Birmingham City ended their poor run of form by beating Barnsley 2-1 at St. Andrew’s yesterday. There ... Read more »

Simple tweak in Manchester United system could finally provide answer to Marcus Rashford problem

There aren’t many players who can claim to have had a good season at Manchester United, but few players’ form has encapsulated the club’s slide more than Marcus Rashford. When ... Read more »

Lost the ball 51 times, 23 duels lost: Sunderland's three worst players vs Portsmouth

© Provided by Transfer Tavern sunderland defender lynden gooch against bradford Sunderland picked up another vital three points in their hunt for automatic promotion from League One with a 1-0 ... Read more »

Update emerges on Premier League duo’s pursuit of Blackburn Rovers man

West Ham and Newcastle United will decide this week whether or not to move for Blackburn Rovers striker Ben Brereton Diaz before the January transfer window closes. That’s according to ... Read more »

Francis Ngannou has already revealed Tyson Fury fight stance after Ciryl Gane UFC 270 victory

Francis Ngannou continues to fan the flames of talk regarding a potential fight with Tyson Fury, saying that his childhood dream was always to be a boxer. Ngannou fought Cyril ... Read more »

'Divisions sparked by Sisulu saga a jostling for the presidency leadership'

– The ANC NEC is meeting this weekend amid tensions raised by the public spat between the Presidency and Tourism Minister Lindiwe Sisulu – ‘The official reports are that President ... Read more »

Lauri Markkanen to miss significant time?

© Provided by HoopsHype The Cavs have their own injury concerns, especially with Lauri Markkanen suffering what sources believe is a high ankle sprain against the Thunder. Sources say X-rays taken were negative. But ... Read more »

Cameron Payne, Jae Crowder suffer wrist injuries

© Provided by HoopsHype Suns backup point guard Cameron Payne didn’t play in the second half of Saturday night’s 113-103 win against Indiana after injuring his right wrist in the first ... Read more »

Tiger Shroff recalls romancing the mic with his first single 'Unbelievable'

© IANS Tiger Shroff recalls romancing the mic with his first single ‘Unbelievable’ Mumbai, Jan 23 (IANS) Bollywood action star Tiger Shroff recalled the first time he crooned the number ... Read more »

Abu Dhabi parents, pupils and schools optimistic about Monday return to classrooms

Parents, pupils and teachers in Abu Dhabi are eager to resume in-person lessons on Monday after schools switched to remote learning for the first three weeks of the new term. ... Read more »

India vs South Africa Live Score, 3rd ODI at Cape Town: Krishan removes Pretorius for 20

© Provided by Firstpost India vs South Africa Live Score, 3rd ODI at Cape Town: Krishan removes Pretorius for 20 17:49 (IST) After 47 overs,South Africa 271/6 ( David Miller ... Read more »

UAE drone enthusiasts appeal to fellow operators to follow new rules

© Provided by Khaleej Times Following the UAE’s Ministry of Interior’s (MoI) decision to ban drones in the country, drone operators, enthusiasts, and professionals have been advised to follow the ... Read more »

Kanye West's documentary directors refuse to 'sugarcoat'

© IANS Kanye West. Los Angeles, Jan 23 (IANS) Directors of Kanye West’s upcoming documentary have responded to his demand to have a say on the final version of the ... Read more »

Rupert Grint wants to be like the Gallagher brothers

© IANS Rupert Grint Los Angeles, Jan 23 (IANS) “Harry Potter” star Rupert Grint loves the “attitude” and “confidence” of Noel and Liam Gallagher, and he wishes he also had ... Read more »

'Quality' Tommy Doyle praised for fine debut moment for Cardiff on loan from Man City

Tommy Doyle immediately started to repay Cardiff’s faith in him as he produced a brilliant assist on his debut in the Championship. Manchester City midfielder Doyle has swapped an unproductive ... Read more »

Manchester United can finally correct Jose Mourinho and Louis van Gaal transfer mistakes

Jose Mourinho’s PR-heavy unveiling at Manchester United appeared a little clunky and ill-judged. It felt like the club were setting themselves up for a(nother) fall. Following his appointment as the ... Read more »

Better than Dawson: West Ham must sign 6 ft 4 beast who could "explode" under Moyes - opinion

© Provided by Football FanCast newcastle-clark-caleta-car-howe-premier-league Marseille defender and long-term West Ham United target Duje Caleta-Car is reportedly available for sale as the January transfer window approaches its final week. ... Read more »

Jesse Lingard must change Manchester United January transfer stance for career

When England manager Gareth Southgate made the decision to cut seven players from his provisional 33-man squad for last summer’s rearranged European Championship, few could have been more disappointed and ... Read more »

GVB "interested" in sealing 3rd Rangers signing at Ibrox, he could be Patterson 2.0 - opinion

© Provided by Football FanCast giovanni-van-bronckhorst-rice-patterson-everton Rangers have enjoyed a strong first transfer window under manager Gio van Bronckhorst as they have made two additions to their ranks at Ibrox. ... Read more »

Damning Paul Pogba verdict delivered as Anthony Martial 'makes' Manchester United transfer call

Welcome to the United On My Mind daily round-up, where we take a look at some of the best Manchester United stories that you might have missed. It remains to ... Read more »

Get your free ticket to "Barça The Exhibition" in Dubai in 2 steps!

© UAEMoments Get your free ticket to “Barça The Exhibition” in Dubai in 2 steps! FCB Fans can enjoy a journey in Barça The Exhibition to have a magical tour through ... Read more »

Russia dismisses British claim that Moscow is trying to replace Ukraine government

© Getty Images Russia dismisses British claim that Moscow is trying to replace Ukraine government Russia is dismissing a British claim that Moscow is looking to replace the Ukrainian government ... Read more »

Veterinary nurse, 24, who was told by doctors to 'lose weight' to cure fatigue and UTIs discovers she has ovarian cancer after collapsing while horse-riding

Hannah Catton,  24, who lives in Melbourne, suffered from bloating and fatigueDoctors told veterinary nurse to lose weight and symptoms are stress relatedShe was later rushed to hospital with a melon sized tumour in her ovaries  Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic