40FY Inc.

40FY Inc. operates Mindling, an online platform dedicated to mental health care, offering tailored assessments and resources designed by psychological experts to foster self-care and emotional well-being for users. Founded in 2020 and headquartered in Seongnam, South Korea, 40FY Inc. operates Mindling, a digital mental health platform.

The company has conducted 3 deals since inception, with their most recent deal occurring on December 20, 2021, when they raised KRW 2 billion from Klim Ventures, marking a significant funding milestone. Woori Moon serves as the CEO, leading the company with a focus on enhancing mental health support accessibility. Mindling offers an online mental care program designed by psychological experts to facilitate self-care and promote balanced living. The platform allows users to engage in various mental health assessments based on psychological theories, helping to identify personal emotional struggles.

Mindling primarily targets individuals seeking mental health support within South Korea, and has gained traction with over 80,000 users, fostering personal insight and emotional resilience through tailored content and programs. Mindling generates revenue through a subscription-based model that allows users access to its mental health resources and personalized care programs. This model facilitates direct transactions between the company and its users, ensuring a consistent revenue stream as customers pay for ongoing access to content and assessments. The platform may offer tiered pricing plans for different levels of engagement, enhancing user retention and engagement.

Following their most recent funding round in December 2021, where 40FY Inc. raised KRW 2 billion, the company plans to expand its product offerings and geographic reach. Specific new products are in development, aiming to launch in upcoming quarters, while expansion plans target additional markets in Asia beyond South Korea, aiming for a broader international presence in the next few years.