Lifemost is a new corporate well-being benefits platform for managing physical and mental health.
The platform allows decision-makers to combine different solutions for well-being programs to monitor progress and increase engagement. It offers various options aimed to improve physical and mental health including team-building events, access to hundreds of offline activities available daily, as well as online classes. The engagement of employees can be tracked and assessed, which allows corporate benefits to be flexible and actually utilized. Lifemost helps employers to improve employee well-being and promote work-life wellness by fueling employees as whole beings both in and out of the workplace.
The industry of well-being has grown rapidly. The global wellness market is estimated at more than $1.5 trillion and LIFEMOST fits well into this trend. According to studies, companies with wellness programs see on average 28% less absenteeism, 30% lower healthcare costs, and a 15% increase in productivity. 83% of employees believe their well-being is just as important as their salary and would be more likely to stay in a role if their employer took better care of their well-being.
In the realm of investments, LIFEMOST has successfully secured pre-seed funding in 2022. The startup has amassed a network of astute business angels who have invested in the venture and are playing an integral role in its ongoing development. As the company sets its sights on expansion through the region, preparations are underway for the seed round with a view to bolstering growth and scalability. LIFEMOST is applying to the Google for Startups cloud program.
March 24, 2023