United States · Venture startup

Who invested in Mental

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fitness

Raised 11 months ago

Funding summaryUpdated 26 Oct 2026

$10Mraised across 2 rounds since 2022, from 2 sources

$250KPre-seed$10MVenture
Latest round
Venture, $10MDec 2025
Step-upi
40.4×
Investors
2
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

202320242025
$250KPre-seed$10MVenture
First round
Pre-seed, $250K
Nov 2022
Biggest round
$10M
Venture · Dec 2025
Between rounds
3.1 years
from the last two

The rounds

  1. Dec 2025
    Venture$10M1 new

    Source recorded

  2. Nov 2022
    Pre-seed$250K1 new

    Source recorded

Founders and team

From Mental's own website: 4 on the team.

  • Bill PhillipsContributing Chief Operating & Audience Development Officer
  • Abby YoderEditorial Intern
  • Tom O’QuinnContributing Creative Director
  • Vaishna RajakumarEditorial Intern

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Newchip AcceleratorAccelerator1round
Goodwater CapitalVC firm1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Mental

Who invested in Mental?

Mental's investors include Newchip Accelerator and Goodwater Capital.

How much has Mental raised?

Mental has raised $10M across 2 rounds since 2022.

When did Mental last raise?

Mental's most recent round was a Venture of $10M in Dec 2025.

What was Mental's biggest round?

Its most recent round, $10M in Dec 2025, is also its largest on record.

Who backed Mental first?

Mental's first round on record, in Nov 2022, was backed by Newchip Accelerator.

What stage is Mental at?

Mental's latest named round is a Venture, in Dec 2025.

Where is Mental based?

Mental is based in the United States.

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