Springtide — a technology-enabled autism services provider — has raised $18.1 million in Series A funding. Deerfield Management Company and Optum Ventures led the financing round.
With offices in Connecticut and New York City, Springtide provides in-person, center-based applied behavioral analysis (ABA), speech therapy, occupational therapy and physical therapy to children with autism. It also has a technology platform that offers remote video treatments, parent coaching, family scheduling, engagement tools and more to improve children’s care.
“Most families seeking care for their child with autism find the experience confusing, costly and filled with long forms and waitlists,” CEO Jia Jia Ye said in a press release announcing the news. “Our vision is to support our kids and families with a 24/7 model, starting with in-center care and expanding the Springtide way through a suite of unique technology tools across all settings, ranging from the home, to school, to any organization that supports kids with autism.”
The company will use the funding to enhance clinical operations and expand into new markets, as well as to commercialize its tech platform for remote care extensions, data capture, outcomes measurement and parent engagement.
In addition to contributing financing, Deerfield and Optum Ventures representatives will join Springtide’s board of directors.