Mental health: moozoom raises $5 million through its platform to help elementary school students

Mental health: moozoom raises $5 million through its platform for help primary school students

MISE & Agrave; DAY

Quebec company moozoom has just raised its first $5 million in venture capital, a feat achieved just two years after its birth.

“We want to get 250 million over the next three years,” enthuses Jean-Philippe Turgeon, who, we can say, manages a growing company. &nbsp ;

His learning tool created in 2020 allows teachers to give socio-emotional foundations to elementary school students.  

The former business lawyer was leading a flourishing career when he left everything investing $200,000 in moozoom. He then convinced, in 2021, a dozen investors, including ex-hockey player Maxime Talbot, to add more than a million dollars.  

The box took off and quickly found its way into more than 1,000 schools, including 850 in Quebec.  

They believed in it

“We did not reach 1000 schools for nothing. Teachers have no resources to deal with mental health and behavioral issues in the classroom,” notes the entrepreneur.  

Now it's the turn of investors in venture capital, including Fondaction, to believe in Jean-François Turgeon and his project.  

“It was my first time raising venture capital. As long as it was, I enjoyed working with people who know what we do and who believe in it,” he says.  

The money will be used to fill the ranks of the team, which already numbers 34 people. The platform on which moozoom's videos are found – shot at great expense, “because it's really important that it's done well” – must continually be adapted.  

And as the saying goes so well the ex-lawyer, “this is just the beginning”.  

The United States market is within reach of the company, which also wishes to continue its collaboration with the Quebec Ministry of Education.  

“It works, our business. The teachers want the tool, the students love it, we are growing rapidly and we are encouraged by this new investment,” he concludes.

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