Digital behavioral health company NeuroFlow has raised $7.5 million in series A funding.
The money brings total funding raised up to about $11 million, according to the funding tracker website Crunchbase. The latest round was led by Builders VC, with participation form Dreamit Ventures, Spring Point Partners, Red & Blue Ventures and AWT Private Investments.
Philadelphia-based NeuroFlow is a HIPAA-compliant cloud-based digital health platform used to deliver, track and assess behavioral health services. The platform collects mental health data to build comprehensive profiles for each patient, allowing mental and behavioral health providers to make more informed care decisions.
Currently, NeuroFlow has more than 25,000 patients on its platform, which is in use at more than 200 facilities across the country.
The new funding will allow the startup to build up its team, with the goal being to double in size by the end of 2020. Additionally, the money will allow NeuroFlow to “further invest in product integrations and data science to continue building its comprehensive behavioral health and collaborative care platform,” according to a press release announcing the news.
“What started as a response to a personal connection to the mental health crisis has become a mission driven business partnering with hundreds of providers to support the overall health of tens of thousands of individuals,” NeuroFlow CEO and cofounder Chris Molaro said in the press release. “We’re helping patients get better, faster and improving the way care is managed.”