African entrepreneurs are deeply committed to their startups, but the cost of this passion often impacts their mental health, a new report from Flourish Ventures reveals. The study, which surveyed over 160 founders across 13 African nations, found that more than 80% experience mental health challenges, with anxiety (60%), stress (58%), exhaustion (52%), and depression (20%) being the most common issues. Key Challenges Affecting Founders External pressures like fundraising, inflation, and economic instability weigh heavily on entrepreneurs. Nearly 60% of respondents said raising funds is their biggest stressor, followed by
Lorenzo Lewis, a Black entrepreneur born in prison, has overcome challenges to build a $20 million company focused on mental health advocacy. Despite facing tremendous challenges, including his own incarceration at 17, Lewis now leads a $20 million company, inspiring others through his story of resilience and success. From Incarceration to Entrepreneurship Despite facing difficult circumstances early in life, Lewis pursued higher education, earning degrees in Human Services and Public Administration. After his release, he founded The Confess Project of America (TCPA), a nonprofit organization aimed at breaking the stigma
In recognition of World Suicide Prevention Day 2024, it’s important to highlight the growing mental health needs within Black communities. Studies show that Black adults are 20% more likely to experience serious mental health issues, such as depression and anxiety, compared to the general population. Despite this, only about 25% of Black individuals seek mental health care, largely due to stigma, cultural barriers, and lack of access to culturally competent providers. In response, several apps and startups are working to close this gap, offering tailored support to meet the mental
Pinterest has announced the Hidden Healing Fund, an initiative with diverse cultural healing practices to empower young people’s mental health. The Hidden Healing Fund Led by Pinterest and supported by SHOWTIME/MTV, the Hidden Healing Fund will pilot an initial investment of $1 million in community organizations that employ culturally led approaches to addressing youth mental health challenges. Brands committed to improving mental health have been invited to combine their resources to help bridge gaps in accessibility and aid solutions beyond traditional models of care. The initiative was inspired by an
Backpack Healthcare, an online pediatric mental healthcare provider, has announced a $14 million Series A funding round. Backpack Healthcare Backpack Healthcare, formerly Youme Healthcare, is a tech company that offers an app and teletherapy services designed to provide accessible and inclusive mental health support for young individuals. Led by founder and CEO Hafeezah Muhammad, Backpack Healthcare aims to make a positive impact on the lives of children and adolescents struggling with mental health challenges. With studies finding that 1 in 6 children have a mental, emotional or behavioural health disorder, along with more than
Dr. Dionne Mahaffey has developed an AI-powered platform, Behavioral Health Notes, to decrease the time mental health professionals spend recording notes. The Need For Efficiency in Mental Health Documentation The mental health sector has long faced challenges related to clinician burnout, increased by time-consuming administrative tasks. According to a recent report by Accenture, using AI in healthcare could save up to $150 billion annually by 2026, mainly by reducing such inefficiencies. A solution was needed for mental health professionals, where documentation can extend into personal time. Introducing Behavioral Health Notes Dr. Mahaffey, a
The Safe Place, a free minority mental health app geared towards the Black community, has added a “Suicide Support = No Cops” virtual chat wall. The Safe Place founder, Jasmin Pierre, tweeted: “Black folks who use “The Safe Place” app (in the Android and IOS stores) can now chat about suicidal ideation… without the fear of law enforcement potentially killing them just for feeling suicidal.” “I hope this feature truly helps Black folks in our community who may need it.” Pierre says the new feature is a response to recent
London-based healthcare jobs marketplace platform, Nolea Health, has secured £1 million ($1.2 million) in seed funding to tackle mental healthcare staff shortages. The financing round was led by Frontline Ventures, with participation from Calm/Storm Ventures and other notable industry figures, including Anne Heraty, ex-CEO of CPL Resources, and Mahiben Maruthappu, CEO of Cera. Nolea Health’s platform matches mental healthcare clinicians with vacant jobs across different healthcare organizations, reducing the time taken to hire staff by up to 90% and the sourcing costs by up to 85%. Addressing the mental health crisis with
J Balvin, also known as the Prince of Reggaeton, has made a wholesome move to create an open discussion around mental health struggles by launching OYE, a bilingual wellness app. The app, currently available for download on the app store, was built by Latin creators in Spanish and English. It provides users with emotional check-ins and goal-setting exercises and promotes the idea of achieving a balance between emotional wellness, physical health, and interpersonal relationships. “After the pandemic, global youth – really everyone – is extremely burnt-out. Anxiety, depression, and feelings of being
Black women are 84% more likely to be abused on social media than white women, according to a 2018 Amnesty International study. By 2020, further research by Glitch, a UK charity committed to ending the abuse of women and marginalized people online, found that online abuse against women disproportionately impacts Black women, non-binary people, and women from minoritized communities, all of whom were more likely to feel like their complaints to social media companies were not adequately addressed. Black women in the public eye bear the brunt of online trolling. Seyi Akiwowo, the
