GOLDEN OPPORTUNITIES CONTINUES TO FOCUS ON HEALTH CARE WITH NEW INVESTMENT IN MENTAL HEALTH PLATFORM – HEADVERSITY

GOLDEN OPPORTUNITIES CONTINUES TO FOCUS ON HEALTH CARE WITH NEW INVESTMENT IN MENTAL HEALTH PLATFORM – HEADVERSITY 

Golden Opportunities Fund Inc. (“Golden Opportunities” or the “Fund”) is pleased to announce a new investment in MacroMind Media Inc., which is doing business as headversity (“Headversity” or the “Company”), of $2 million in the Fund’s Innovation Class i-share.  The Fund’s investment is part of the Company’s $12.5 million CAD Series A financing round.

Headversity is a leading, global provider of real-time mental health resiliency and training technology through its workplace mental wellness platform.  The rising need for mental health services during COVID-19, which placed added stress on workers, has created strong demand for Headversity’s technology.  Prior to the pandemic, the World Health Organization called stress ‘the health epidemic of the 21^st century’.  The events over the last two years increased stress to historic levels with the effects on mental health impacting not only employee well-being but safety as well.  A recent study from Eastern Kentucky University reports that 60-80 percent of workplace accidents are directly correlated with stress.  As a result of the Company’s unique approach to providing mental health services, Headversity has experienced rapid growth increasing its revenue by 8x since March 2020 and its client base by more than 250 percent in 2021 alone.

To date, Headversity has touched over 500,000 lives in more than 14 industries and 22 countries around the world with its platform.  The Company has a blue-chip customer base of leading global employers such as Shell, First Group America and OMERS, to name only a few.

“The health care sector is a key investment pillar for Golden Opportunities,” says Grant Kook, President and CEO of Golden Opportunities.  “The Fund’s investment in Headversity continues our focus on this sector by providing important tools to help improve the health of employees across the globe which is an increasing challenge that will fuel Headversity’s growth.”

With this round of funding, Headversity plans to accelerate its delivery of evidence-based workforce training to upskill resilience, behavioral health and psychological safety for the workforce.  Headversity intends to double its current headcount by adding 40 to 50 new employees to the Company by the end of 2022.  As stress and financial anxiety among workers increases, the need for Headversity’s digital preventative mental health platform continues to grow as employers focus on improving the mental health of their employees.