Boston’s meQuilibrium Snags $9M to Cut Out Stress
MeQuilibrium, an online startup trying to help people reduce stress, has received a $9 million Series B funding round from Safeguard Scientifics and Chrysalis Ventures.
Boston-based meQuilibrium sells an online and mobile coaching service that is meant to help users learn to better deal with and build resilience to stressful parts of their lives, from work to family. The company’s software service is based on research from the its chief science officer Andrew Shatté, a former professor of psychology at the University of Pennsylvania, and chief medical officer Adam Perlman, the executive director of Integrative Medicine and Wellness at Duke University.
MeQuilibrium has already inked some high-profile corporate clients who provide the service to employees, including Comcast, HP, Grant Thornton, and Meredith, the company said in a statement. The company, which was founded in 2010, is using the new funding for sales, marketing, and product development.
Chrysalis, based in Louisville, KY, led a $2.3 million Series A round for meQuilibrium in 2011.