FPE Capital invests to accelerate growth at Togetherall, a leading digital mental health platform
Investment is eighth from FPE’s software and services focussed Fund II
FPE Capital LLP (‘FPE’), the software & services focused lower mid-market growth investor, announces that it has invested in Togetherall, a leading mental health SaaS platform.
Togetherall is the leading digital mental health community, delivering 24/7, clinically moderated support to low acuity users via its SaaS-delivered platform. The business has a strong existing position in Higher Education and is rapidly expanding into the Corporate and Public Health verticals. In the last twelve months the platform has supported over 85,000 members across its key geographies in the UK, USA and Canada.
FPE’s growth capital investment is largely into primary funding to support the business in accelerating its rapid growth in North America. This echoes the driver of growth in FPE’s successful exits of Fund I investments Small World Financial Services and Creditcall where US expansion was a key element of equity value. FPE will support the business in its growth journey through its own domain experience and the introduction of functional experts and complementary executive talent.
David Barbour, Managing Partner at FPE, commented:
“FPE is delighted to have completed this growth investment into Togetherall. Our expertise is focussed on investing in high quality companies operating in large markets where we can support the team in their growth ambitions. We look forward to working with Henry and his management team in the coming years.”
Henry Jones, CEO of Togetherall, added:
“We are excited to be partnering with experienced technology investors in FPE. Their experience in SaaS really sets them apart, and we are pleased to have them on board as we accelerate our growth into North America.”
FPE joins LGT IVUK as investors in Togetherall. FPE’s investment will make it the largest shareholder in the business. Henry Sallitt and Llewellyn John will join the Board from completion.
The FPE investment was led by Henry Sallitt, Llewellyn John and Chris Kay. FPE was advised on the transaction by Stephenson Harwood (Legal), Luminii Consulting (Commercial), Dow Schofield Watts (Financial and Tax), Intechnica (Technical DD), and Continuum Ventures (Management).
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