SilverCloud Health Announces $16M Series B Funding for Digital Mental Health Platform

SilverCloud Health, the world’s leading digital mental health platform for healthcare systems and providers, health plans, and employers, today announced a $16 million Series B funding round led by MemorialCare Innovation Fund, which included LRVHealth, OSF Ventures and UnityPoint Health Ventures, elevating the company’s total funding to more than $30 million. Existing investors Act Venture Capital and B Capital Group participated in the round as well.

Four of the Series B investors, MemorialCare Innovation Fund, UnityPoint Health Ventures, OSF Ventures and LRVHealth are associated with leading U.S. healthcare systems that currently use SilverCloud, a testament to the quality and results of the platform.

“We are committed to providing truly impactful mental health support to all those with need,” said Ken Cahill, CEO of SilverCloud. “The need has never been greater than during this unprecedented global crisis. SilverCloud enables easier, earlier access to clinically validated mental health care that shows results equivalent to face-to-face care for the 1 in 5 people with a diagnosable mental health condition. With millions of people being asked to stay home and health systems needing to prioritize care, we recognize the heightened need for virtual support as the world copes with the COVID-19 pandemic. In response, SilverCloud is providing its clients, free of charge, expanded access to its platform to even more healthcare professionals, their families and patients to help make a difference for those in need in the current crisis.”

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“Have a good understanding of your strengths.” with Penny Bauder & Vanessa Liu

Vanessa Liu is the VP of SAP.iO, a global organization responsible for building an ecosystem of startups around SAP. In her role, she is overseeing SAP.iO’s North American Foundries in New York and San Francisco, including programs devoted to women and diverse-led B2B enterprise tech companies.

Vanessa was most recently the Chief Operating Officer at Trigger Media Group, a $22MM digital media incubator. In her role, she co-founded, incubated and oversaw business operations and strategic initiatives of Trigger’s portfolio companies: InsideHook (the essential digital lifestyle guide for adventurous and discerning men) and Fevo (SaaS technology bringing friends and networks together for group experiences at live events). Vanessa currently serves as a board observer of Fevo and is an advisor or investor in start-ups including Bounce Exchange, Grata Data, GroundSignal, Knotel and Narrativ. She mentors female founders through Declare’s Lead Program.

Previously, Vanessa was an Associate Partner at McKinsey & Company’s Media and Entertainment Practice, based in Amsterdam, London and New York. In this role, Vanessa was responsible for serving clients in a variety of media and high tech sectors including online advertising, magazine and newspaper publishing, television, video content production, and information services, particularly on issues of digital media strategy, emerging market strategy, growth and innovation. Vanessa graduated magna cum laude with an AB in psychology from Harvard University and cum laude with a JD from Harvard Law School. She was a Fulbright Scholar at Universiteit Utrecht in the Netherlands where she conducted independent research on the International War Crimes Tribunal for the Former Yugoslavia and the International Court of Justice. She serves as Vice President, College Alumni Affairs, of the Harvard Alumni Association.

Thank you so much for doing this with us! Can you tell us a story about what brought you to this specific career path?

Ihave always been inspired by innovation — from the age of 12 through my senior year in college, I actually wanted to be an astronaut and spent much of my adolescent life learning about science and innovation that way. In college, I switched gears and decided to go into law, doing research on the International Criminal Tribunal for the Former Yugoslavia and going to law school. However, I realized very quickly that addressing atrocities years after the fact wasn’t satisfying. I wanted to be a part of the solution in terms of economic development and to prevent these atrocities from ever happening in the first place. So, I started working for McKinsey and went into management consulting. On my third project, I was staffed on a digital media project. I was tasked with helping my client launch a new free internet service provider for the Dutch market. We had 6 months to create a business plan and to launch the service. I was immediately hooked. While at McKinsey, I worked with media companies — newspaper and magazine publishers, broadcasters, information services companies — where I crafted their digital plans and launched new businesses for them.

After 8 years though, I realized I had outgrown my time at McKinsey. I didn’t want to give businesses back to clients to run; I wanted to continue running them myself. At a time when many would regard as least optimal to start a business — I had just moved back to NYC from London and delivered my second child — I teamed up with a business partner and we launched a venture startup studio, called Trigger Media. Over the course of 6 years, we co-founded two portfolio companies — InsideHook, a digital lifestyle publication for men 35–50; and Fevo, a platform that enables groups to purchase experiences together. As the co-founder and interim CEO of both companies at various moments, I realized firsthand how much more difficult it is for women and diverse entrepreneurs to get funding — not because they don’t have the ideas, but often because they don’t have access to the right networks. I joined SAP.iO because I wanted the opportunity to help other underrepresented founders gain the access they deserve to help propel their businesses forward.

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Is Fashion Really Getting More Sustainable?

It’s now boast-worthy to participate in sharing-economy.

Solutions must be more than just green, which is why Stephanie Benedetto talks up financial and inventory-management benefits as she makes the case for Queen of Raw, a technology platform she cofounded in 2018 to connect people and brands with leftover fabrics—an estimated 15 percent of every production run. Queen of Raw caters to home sewers as well as big fashion companies, and Benedetto estimates that dead-stock textiles could become a $120 billion business. “It’s insane, the volume that is out there,” says Benedetto, who has listed fabrics up to a million yards long, or as short as a few yards, for a base of over 130,000 clients. “Never doubt you can change the world,” she says. “We will.”

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Coronavirus: Brand Moves for Monday April 6

Cloud-based enterprise software firm SAP has established a €3 million COVID-19 Emergency Fund to support the urgent needs of the World Health Organization (WHO), the CDC Foundation, and smaller nonprofits and social enterprises that work on the front lines serving local communities in crisis. “SAP stands with the WHO and supports its leadership in coordinating the global effort to mobilize the fight against COVID-19,” said Alexandra van der Ploeg, head of SAP CSR. “Specifically, SAP is donating €1 million to the COVID-19 Solidarity Response Fund for the WHO hosted by Swiss Philanthropy Foundation and the United Nations Foundation for virus prevention and detection. SAP is also making resources and expertise available to help our nonprofit and social enterprise partners effectively shift to remote operations. We want to help ensure they can maintain their much-needed services to their communities and not lay off staff.” Meanwhile, SAP is collaborating with an ecosystem of business-to-business startup partners through its SAP.iO program – startups which center on managing a distributed workforce. The list includes secondment and staff re-allocation tool Andjaro; Bravely, a platform connects employees to on-demand professional coaching; Clearmetal, which enables accurate delivery forecasts and exception management in multi-modal container-based transport; Cultivate which facilitates growth in-management capability and organizational health through passive data acquisition and analysis of employee feedback; Disco which enables employees to recognize and commend each other, building employee engagement; mobile microlearning platform Gnowbe; Goodr, a startup tackling hunger by connecting sources of surplus food with those in need, such as food banks; the MeQuilibrium well-being and performance platform; Plum, a psychometric-based talent acquisition and management platform; WeGift, a leading platform for real-time on-demand digital incentives, payouts, and rewards due to eGift cards; and Wethos, which curates virtual teams of contingent creative and marketing experts.

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29 tech startup founders and CEOs share their fears and strategies for navigating the coronavirus crash: ‘We are now wartime CEOs’

Min Chen, CEO of Silicon Valley data analytics startup Wisy, was born in China but grew up in Panama, where she lived through the turmoil of the 1989 US invasion. She and her co-founders are “wartime survivors” who endured the violence and the disruption of that period.

“That experience, somehow, has prepared us for this crisis,” she told Business Insider. “We come from places where there was nothing, even in times of prosperity.”

Like other startups, Wisy’s biggest challenge right now is cash flow, but Chen and her cofounders hope keep their team together. While other startups have begun shedding jobs, they’re taking a different approach. “Instead of laying people off, we decided to all take pay cuts,” she said.

That adaptation feels critical: “Companies that die are those that couldn’t adapt,” she said. 

In Wisy’s case, new opportunities have come up because of the crisis. An international organization that wants to use Wisy’s technology for tracing infections and anticipating outbreaks has invited it to apply for grants.

“Even if we don’t have the grant, we would help,” she said.

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How SAP.iO Foundry Tel Aviv Startups Are Helping Customers & Communities Thrive in the New Reality

As individuals and organizations are learning to navigate today’s “new normal,” companies are shifting their strategy or altering their services in order to bring the most value to customers and give back to the community. 

Check out how some of the alumni from SAP.iO Foundry Tel Aviv’s previous cohort are altering their offerings and sharing insightful resources. 


Outgage is a direct mail SaaS platform that combines the advantages of digital marketing campaigns with the effectiveness of personal direct mail experiences, closing the loop between offline and online campaigns. As several companies are reconsidering their current marketing efforts and strategy, Outgage is beginning to aim their offering of personal direct mail experiences toward HR leaders, who can utilize Outgage’s services in order to send care packages and engage with their employees who are working from home.


EasySend’s no-code application builder empowers global insurance companies and financial institutions to turn paperwork into a digital experience. In light of the current situation, EasySend is churning out helpful content to assist insurers in fast-tracking their digital transformations, as well as providing information on how going digital will help enterprises succeed in this new reality.


GrowthSpace’s online one-on-one coaching platform offers high-quality training and personalized coaching for tech companies, at the cost of an average workshop. In the past couple of weeks, GrowthSpace has organized various webinars to provide expertise to organizational leaders during this time. From a “COVID-19 Readiness for HR Leaders” discussion to a “Teams Working Remotely” expert panel led by six senior executives of remote teams, GrowthSpace is utilizing the prowess of their certified coaches to provide key insights and best practices to the community, free of charge.

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Building Employee Resilience During A Pandemic

Scientific data is proving to be the bedrock of workforce resiliency in a world reeling from COVID-19. Commonly misperceived as an inborn trait, resilience is actually a tangible skill that Massachusetts-based meQuilibrium is building in employees at Fortune 1000 companies worldwide.

“Every leader is talking about adaptive capacity, resilience, and agility,” said Jan Bruce, co-founder and CEO of meQuilibrium. “We are democratizing executive coaching, helping people manage the stress and burnout associated with constant transformation and rapid change.”

Managing stress with resilience

As the pandemic spreads with head-spinning speed, meQuilibrium’s interactive cloud-based platform appears ideally matched to what’s become a rightfully panicked workforce. Tracking steadily rising stress levels of employees on the meQuilibrium platform, the company sped up product updates to deliver refreshed daily tips and tool kits for managing anxiety, uncertainty, and isolation.

The startup’s worldwide customers cut across industries like pharmaceuticals, finance, telecommunications, packaged goods, and automotive. Many organizations have reported measurable benefits to date. One company reduced high anxiety by 36 percent, high stress by 27 percent, and depression by 24 percent in its large employee population.

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Why Cartier Is Excited About These 3 Brilliant Female Startups

Taking an idea and turning it into a full-fledged company is no easy feat, to say the least. Nobody can do it on their own, so access to support (or lack thereof) can make or break a business. That’s why Cartier has set out to assist female entrepreneurs in their quest to make positive impacts on the world via the Cartier Women’s Initiative, which will be awarding over $1 million in funding this year. Cartier just announced the 21 finalists for 2020, and they all have brilliant ideas to share.

Among the 21 finalists are three exceptional women from North America. First up is Stephanie Benedetto of New York City, who “buys and sells unused textiles, via the Queen of Raw marketplace, keeping them out of landfills and making the world a less wasteful place,” per a statement. The fashion industry could certainly use more help in becoming more sustainable, and Benedetto could easily become a driving force.

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Innovative Solutions from SAP.iO Startups Help Businesses Succeed Amid COVID-19

The exponential spread of the new novel coronavirus — what some might consider a “black swan” event — has sent tremendous shock waves to every foundational socioeconomic system serving humanity as we know it.

Unlike many other disruptions we have weathered through in the past, this is an existential threat to the way we work, live, and play. Every well-crafted business strategy playbook has been temporarily paused as leaders respond to the urgency of the moment, which is to take care of the health and well-being of their people.

As the world pivots quickly to the new normal, a completely different culture of work is evolving. Social distancing is the new anti-viral, requiring each one of us to do our part in preventing further spread. And with social distancing, remote work is the new norm.

As people come to terms with this new reality in their work and life environments, we are likely to drive an accelerated adoption of entirely new behaviors and technologies, many of which will be here to stay post-crisis.

Not too long ago, in 2018, The Bureau of Labor Statistics estimated only 29 percent of American wage and salary workers could work at home, while the Organization for Economic Co-operation & Development (OECD) estimated six out of 10 people in the EU had not worked from home. Enterprises that may have emphasized employee co-location as a driver of success in the past are now left to quickly figure out how to manage business continuity, employee engagement and health, and customer success. Despite basic productivity tools such as Slack and Teams or video collaboration tools such as Zoom, enterprises worldwide are still struggling in how to navigate the “new normal.”

At SAP, our purpose is to help the world run better and improve people’s lives. Now more than ever before, we know we need to find solutions together, as part of a global purpose network, an ecosystem of customers, partners, influencers, non-profits, government institutions, and agencies.

The worst of times calls for the best in all of us. In that spirit, we are incredibly privileged to collaborate with an ecosystem of business-to-business (B2B) startup partners through the SAP.iO program. By virtue of being digitally native, managing a distributed workforce has always been their de-facto way of conducting business.

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SAP.iO: Treiber von Veränderung

Miroslav Dimitrov Head der Berliner Foundry von SAP:iO

Herr Dimitrov, mit welcher Intention fördert SAP.iO Startups?
Mit der klaren Mission, die nächste Generation von Ökosystemen aktiv mitzugestalten. Wir wollen Treiber von Veränderung sein, nicht Getriebene. Und dafür suchen wir über Beteiligungen und das Accelarator-Programm jene vielversprechenden Startups, die unsere Geschäftssoftware sinnvoll ergänzen.

Das heißt, Sie konzentrieren sich als Accelerator auf B2B-Lösungen, die bestehende SAP-Systeme ergänzen?
Wir setzen in jeder neuen Runde auf unterschiedliche Themen, immer aber mit Fokus auf B2B und SaaS. Bei den FinTechs sehen wir aktuell in den Bereichen „Customer Experience“, „Big Data and Analytics“, „Peer-to-Peer Finance“ und „Identity“ großes Potenzial.

Was sind das für Startups, die Sie unterstützen?
PXL Vision aus der Schweiz ist ein Beispiel aus dem Bereich „Identity“, die auf Basis von maschinellem Sehen und Deep Learning das Kunden-Onboarding deutlich verschlanken wollen – für Finanzdienstleister und Kunden gleichermaßen. Ein anderes Beispiel ist troy GmbH aus dem nordrhein-westfälischen Lippstadt. Dort hat man es sich zum Ziel gemacht, die Customer Experience beim Inkasso zu verbessern. Denn ein wesentlicher Teil der Kunden zahlt unverschuldet oder versehentlich nicht.

Auf welchen Wegen kommen Sie mit solch spannenden neuen Unternehmern zusammen?
Unser Netzwerk und unsere Kunden spielen hierfür natürlich eine wichtige Rolle. Denn am Ende des Tages, wollen wir für sie der Partner der Wahl sein und passende Lösungen bieten. Ein Großteil des Prozesses findet aber auch intern über die Frage statt, in welchen Bereichen wir nach vielversprechenden Partnern Ausschau halten wollen. Und dann gibt es natürlich auch die Startups, die uns finden. Für diejenigen der Hinweis: Die nächste Runde unseres Accelerator-Programms ist in Planung und wir freuen uns bereits jetzt über einen regen Austausch und Kontakt.

SAP.iO Fund Invests in Deepgram for Gleaning New Insights from Speech

SAP.iO Fund, the startup investment arm of SAP SE (NYSE: SAP), has taken a stake in in Deepgram, provider of a high-accuracy automatic speech recognition solution that can be easily trained to understand new language models, accents and speech patterns.

With a new approach to speech recognition, Deepgram’s flexible API architecture enables real-time transcription for customer support, sales engagement and video/phone interviews and makes them searchable. Wing Ventures led the Series A round, which included existing investors Nvidia, Y Combinator and Compound.

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Facing Covid-19: Net practical insights and learnings from select SaaS B2B ceos and executives

Adapt fast, find hidden opportunities and show crisis leadership

Corona virus, or Covid 19, can now almost undeniably be classified as a ‘black swan’. Many supply chains have paused production, stock markets have been crashing, and many companies find or will find themselves in delicate situations.

Nowhere is this situation felt more acutely than in small businesses and in the startup world. Organizations that had based their business plans on the back of an +10-year bull run have seen their outlooks imperiled as their customers lack near-term visibility, and even viability.

The SAP.iO Fund has the privilege of working with leading B2B SaaS startups and a few select leaders, ceos and executives of these organizations were recently asked about how they are coping with the current environment and planning for the future. Here is a net net summary of their insightful recommendations, summarized in five key categories: Sales and customers, Value proposition and business model, Product and processes, People and Finances.

Overall, their recommendations were to:

  • Adapt fast and fix the organizations to align to new market dynamics.
  • Find hidden opportunities in the new market environment.
  • Show crisis leadership at a time of destructive creation.

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SAP.iO Foundry Singapore Launches Industry 4.0 Startup Acceleration Program

  • kicked off a new SAP.iO Foundry Singapore program, with five international startups that will help SAP customers become Industry 4.0 businesses and go beyond digital manufacturing to seamlessly connect all aspects of an entire company.

This cohort will work to develop technologies to enable businesses to extend the value of their investments in SAP S/4HANA and SAP Digital Supply Chain solutions.

“Singapore has developed a vibrant startup ecosystem and is the gateway to the ASEAN region,” said Rachel Barger, SAP South East Asia president and managing director. “SAP continually partners with other solution providers, including startups in Singapore, to help organizations unlock value with the latest Industry 4.0 technologies.”

SAP.iO Foundry Singapore accelerates innovation and drives new business models for SAP. The zero-equity-ask program provides startups with curated support from within and outside of SAP, exposure to SAP technologies, and opportunities to collaborate with SAP customers. The program will conclude at an SAP.iO Demo Day in the beginning of June.

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SAP.iO Foundry Singapore Launches Industry 4.0 Startup Acceleration Program

SINGAPORE SAP SE (NYSE: SAP) today kicked off a new SAP.iO Foundry Singapore program, with five international startups that will help SAP customers become Industry 4.0 businesses and go beyond digital manufacturing to seamlessly connect all aspects of an entire company.

This cohort will work to develop technologies to enable businesses to extend the value of their investments in SAP S/4HANA and SAP Digital Supply Chain solutions.

“Singapore has developed a vibrant startup ecosystem and is the gateway to the ASEAN region,” said Rachel Barger, SAP South East Asia president and managing director. “SAP continually partners with other solution providers, including startups in Singapore, to help organizations unlock value with the latest Industry 4.0 technologies.”

SAP.iO Foundry Singapore accelerates innovation and drives new business models for SAP. The zero-equity-ask program provides startups with curated support from within and outside of SAP, exposure to SAP technologies, and opportunities to collaborate with SAP customers. The program will conclude at an SAP.iO Demo Day in the beginning of June.

“The SAP.iO Foundry Singapore spring acceleration program will see the development of new Industry 4.0 solutions for companies in the region, and contribute to bolstering the ecosystem for startups in Singapore,” said Kiren Kumar, chief digital industry officer of Digital Industry Singapore, a government office that supports the growth of Singapore’s technology sector. “We look forward to strengthening our longstanding partnership with SAP, as we innovate and create new solutions out of Singapore.”

The following startups are part of the SAP.iO Foundry Singapore Spring 2020 program:

  • Botsync provides easily deployable and cost-effective mobile material-handling robotic solutions to enable companies, especially small and midsize enterprises, in Asia Pacific to improve productivity.
  • H3 Dynamics combines machine learning, remote telerobotics and off-grid capabilities for drone services that can deploy and manage commercial condition monitoring, security and safety solutions.
  • Memorence uses artificial intelligence (AI) to develop smart visual learning and recognition systems for enterprise and consumer solutions, which can improve production quality and operational efficiency.
  • VersaFleet automates modern supply chains with route optimization, electronic proof-of-delivery, instant notifications and real-time job-status tracking.
  • HyBird automates visual inspection of industrial facilities through its data-source-agnostic software “Clarity,” which employs computer vision and AI to produce interactive digital twin models for better asset maintenance.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews and @sap_iO.

ClearMetal Offers CDX Platform Free of Charge to Suppliers of Healthcare Products

Goal is to Get Needed Medical Supplies Where They Need to Be Faster During Coronavirus-Related Supply Chain Challenges

ClearMetal, a leader in Continuous Delivery Experience (CDX) for Supply Chain and Logistics solutions, announced today that it is offering the power of its CDX platform free of charge for the duration of the pandemic crisis to companies tasked with shipping needed healthcare and medical supplies to combat COVID-19. ClearMetal is committed to onboarding companies as quickly as possible so immediate decisions can be made and solutions implemented based on real-time data. To ensure critical healthcare and medical materials are prioritized, companies must qualify for the free offering based on shipment volume.*

“It’s important that all of us, companies and individuals, come together to contribute what we can to help mitigate the challenges this pandemic presents,” said Adam Compain, ClearMetal CEO. “The reason the shipping industry is so affected when ‘black swan’ events such as the coronavirus occurs is that most supply chains are static and not built to dynamically respond nor react quickly to situations like these. Companies tasked with getting critical healthcare materials where they need to go require a better solution and it’s our duty to let them use it for free during this crisis.”

ClearMetal’s data shows that there has been a 20-30 percent increase in delays, 10-15 percent increase in dwell times and 50 to 100 percent increase in rolls since January. The impact of logistics challenges that affect the speed of shipments for essential items in the fight vs COVID-19 brings an enormous financial impact to companies in billions of dollars of lost sales, written-off inventory and more.

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