COMPANY PROFILE

Shmoody

Mobile app that provides practical, engaging tools and community support to help users improve their mental health and build positive habits

Austin, United StatesFounded 2020Health Tech & Medtech

Valuation $2.5–5B Last recorded · 2022

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $500M–1B Disclosed equity funding

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About Shmoody

Shmoody is a mental health app designed to make self-care engaging, accessible, and effective, particularly for young adults and students. Founded by Nate Thomas and Mike McSweeney during the early days of the pandemic, Shmoody was born from their personal experiences with depression, anxiety, and recovery. Their goal was to create a tool that stands apart from traditional, clinical mental health apps by infusing humor, relatability, and a human touch into every feature.

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The app offers a suite of practical tools aimed at improving mental well-being, including mood-based action plans, personalized self-care routines, peer support communities, mood tracking, journal prompts, and wellness challenges. Shmoody’s standout features include the “Joy Time” calendar for scheduling uplifting activities, an audio toolbox with meditations and focus music, and the Guru Cat chatbot for confidential support and advice. The platform emphasizes real-world actions, encouraging users to build science-backed habits and take daily steps to improve their mental health.

Shmoody’s approach is deliberately fun and approachable, using jokes, memes, and playful design to make mental health work feel less daunting and more sustainable. This strategy has resonated with a broad user base, leading to over one million downloads and 50,000 paying subscribers. The app has also expanded its reach through partnerships with universities, aiming to make mental health resources widely available to students.

Shmoody’s core philosophy is that mental health support should be both effective and enjoyable, breaking the stigma around mental health tools by making them genuinely appealing and easy to use.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2020
Headquarters: Austin, United States
Employees: 9
Open positions: None listed
Dealroom signal: 65.2/100
Industry: Health
Sub-industry: Health Platform
Sector: Health Tech & Medtech, Personal Health, Psychology, Health and Wellness, Mental Health, Mindfulness, Sustainable Development Goals
Technology: Mobile app
Business model: SaaS
Client focus: b2c
Links: Website LinkedIn

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VCOther financing	Jul 2022	$875M	$3.5B	Draper Associates · LiveOak Venture Partners · Goodwater Capital · Stone Mountain Venture	↗
SEEDOther financing	Aug 2021	$100K	$400K	Sputnik ATX VC	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022		—

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Growth signals

Shmoody website traffic

Latest recorded traffic for Shmoody is 3.6K monthly website visits, down 29.4% over the last three months. Shmoody's team declined 18.2% over the past year.

Latest monthly visits3.6K 3-month web change-29.4% 1-year team growth-18.2%

Monthly website visitsOct 2022–Jul 2026

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