Clearly received funding from Purple Ventures to scale and improve its AI model. Clearly, a Ukrainian international mental health platform and one of the fastest-growing players in online therapy, has raised €760,000. The round was led by Purple Ventures, with participation from Pragmatech Ventures, to continue developing its unique AI model and expand into new markets, Startup kitchen reports.

About Clearly

• Clearly, an AI-powered mental health platform with headquartered in Delaware, was founded by two Ukrainian entrepreneurs Dmytro Marakhovskyi and Dmytro Kovalenko. It combines video therapy with licensed professionals, 24/7 AI companions, and standalone AI therapy. 
• According to the company, Clearly has become a market leader in Ukraine and expanded to Poland, Spain, and is preparing to enter Brazil and the U.S. The platform facilitates over 20,000 therapy sessions monthly, generating $600,000+ in revenue while remaining profitable.
• Clearly is currently finalizing the development of its standalone AI therapy solution and preparing to launch services for the Spanish-speaking community in the U.S.

“Clearly offers a modern tech-driven solution with the potential to make psychological care widely accessible. Its profitability at the current growth rate and strong B2B model show that it’s not only a powerful mission but also an exceptionally attractive investment opportunity. We believe the mental health market has immense potential, which is why this is one of our largest investments,” says Jan Staněk, Managing Partner at Purple Ventures.

Investment details

Clearly has secured a total of €1.352 million in seed funding from investors. Current investment was led by Purple Ventures and backed by Pragmatech Ventures with participation from angel investor Dmytro Orel and $150,000 from non-equity grants.

• Purple Ventures is a Brno-based venture capital firm that invests in early-stage, tech-enabled startups across Central and Eastern Europe. 
• The firm targets pre-seed and seed investment rounds, offering ticket sizes ranging from €250,000 to €750,000.
• Pragmatech Ventures is a Ukrainian venture capital firm and startup studio targets a B2B SaaS and marketplace companies. The firm also focuses on enterprise software, HR technology, marketplaces, biotechnology, marketing tech, market networks, and property technology sectors.

A quarter of its funds Clearly will use for research and development, with plans to double this proportion with the new capital.

Source: https://ain.ua/