July 07, 2021 – Kensington is pleased to announce our portfolio company, LifeSpeak, has begun trading on the Toronto Stock Exchange. The IPO includes a $35 million secondary purchase, marking the second distribution to the Kensington Private Equity Fund since it made a $10 million direct investment in September 2020.
Founded in 2004 and headquartered in Toronto, LifeSpeak is a leading digital wellness platform that enables organizations to provide mental health and wellness tools for their people. LifeSpeak’s SaaS platform contains a library of more than 2,000 micro-learning video sessions, podcasts, tip sheets, and proprietary content produced in-house featuring acclaimed domain experts.
“LifeSpeak’s IPO marks the beginning of the next phase of the company’s growth and is a significant step towards the mission to address the mental health epidemic. We’re incredibly proud of the LifeSpeak team’s accomplishments to date and are confident that the company has a bright future ahead,” said Liam Cheung, Managing Director at Kensington.
Congratulations to the LifeSpeak team. We are thrilled to be a part of such an important milestone!