Mental health startup Inspiretek eyes $50 million valuation and US launch following seed round

This article discusses disordered eating. 

A Brisbane-based app designed to support mental wellbeing in young athletes has secured $2.5 million in seed funding, and it already has a hefty Series A in its sights.

But while 26-year-old founder Annie Flamsteed is fielding interest from US investors and plotting international expansion, she has a deep personal desire to succeed.

Inspiretek’s seed round, led by Investible, values the startup at $8.5 million.

It includes backing from angel investors including Go1 co-founder Vu Tran, Our Innovation Fund founding partner David Shein and Black Nova VC managing director Matthew Browne.

The Series A is set to open in February, driven by interest from US investors, and is expected to boost Inspiretek’s valuation to about $50 million.

Within the next six months, Flamsteed expects Inspiretek to hit an annualised revenue rate of $2 million.