The new AI-powered Feeling Great app has raised $8 million in seed funding to bring innovative mental health care solutions to users worldwide. This funding round was co-led by Learn Capital and TitleTownTech, with additional participation from Lux Ventures, WaveMaker Three-Sixty Health, Pacific Health Ventures, and Treble Capital.
Developed by Dr. David D. Burns, a renowned psychiatrist and best-selling author, along with co-founders Matt Pierce and Jeremy Karmel, the Feeling Great app aims to address the growing need for accessible and effective mental health tools. The app leverages over 40 years of clinical practice and research to provide users with skills to manage depression and anxiety.
Research consistently shows that women are twice as likely to suffer from anxiety and depression compared to men, highlighting a critical need for gender-specific mental health solutions. Hormonal fluctuations, societal pressures, and higher rates of exposure to trauma contribute to this increased prevalence among women.
“The Feeling Great app represents the pinnacle of my life’s work in psychiatry and cognitive behavioral therapy, putting decades of research and proven techniques directly into people’s hands,” said Dr. Burns. “Our goal is to empower individuals to transform their lives, making effective mental health care more accessible than ever before and helping millions of people not just feel better, but feel great.”
The app utilizes Dr. Burns’ proprietary T.E.A.M. (Testing, Empathy, Assessment of Resistance, and Methods) therapeutic approach. This AI-powered system facilitates dynamic natural language conversations, empathetic responses, and actionable solutions. An independent review by a Stanford research team, published in the Journal of Medical Internet Research, reported a 55-60 percent reduction in key negative emotions, including depression, anxiety, guilt/shame, inadequacy, loneliness, hopelessness, and anger among users.
“In an era when mental health disorders affect one in every five adults annually, and the cost of therapy in the U.S. has put it out of reach for many people, Feeling Great’s mission has greater resonance than ever,” said Rob Hutter, Founder and Managing Partner of Learn Capital. “Dr. Burns is a legend in the field of psychiatry, and together with Matt and Jeremy, who have extensive experience in bringing innovative consumer products to market, they make a formidable team that we’re proud to support.”
“Feeling Great sits right at the intersection of two of the most important societal shifts of our time: the emergence of AI and the mental health crisis in the US,” said TitleTownTech Managing Partner Jill Enos. “The demand for convenient, cost-effective and results-oriented mental health tools has never been greater, and Feeling Great meets that need in a powerful way. TitleTownTech is thrilled to be part of their journey.”
