Pediatric Behavioral Health Provider Handspring scores $6.2M; evolvedMD Raises $5.4M for Collaborative Mental Health Services

Hybrid mental health care provider Handspring Health has announced a $6.2 million seed funding round. Newark Venture Partners and NextView Ventures led the funding round with participation from 25madison Ventures, Arkitekt Ventures, Quantum Angels, and other healthcare operators. 

The New Jersey-based startup is focused on caring for pediatric behavioral health needs. Families can access care by signing up for an intake call and virtual questionnaire. After the initial onboarding families attend a 90-minute initial assessment session. This session includes the child and at least one parent.

 Following this the service offers weekly 45-minute sessions. Currently the sessions are virtual but the company said it is soon rolling out an  in-person option. The company is currently accepting patients in New Jersey without a waitlist. 


evolvedMD, which provides collaborative mental health services to primary care organizations, scooped up $5.4 million in Series A funding. Waterline Ventures and Conductive Ventures led the round.

Founded in 2017, evolvedMD pitches a Psychiatric Collaborative Care Management (CoCM) model. Primary care partners are able to connect patients in need of behavioral health services virtually to evolvedMD’s team. Patients can access clinicians, case managers, psychiatric professionals, and administrators. 

The startup is currently working with primary care partners in Arizona and Utah.


“By leaning on the diverse expertise of our team, evolvedMD identified early on that we can provide life-altering collaborative care,” Erik Osland,  evolvedMD co-founder and managing partner, said in a statement. “Our comprehensive model involving everything from intake and diagnosis to ongoing patient care and administrative support is cost-effective and unobtrusive to existing care pathways. We improve patient outcomes and quite literally changes people’s lives.”

Digital mental health company Meru Health announced a $2 million grant from the National Institute of Mental Health.

The grant will fund a 300 person study, evaluating the effectiveness of Meru’s 12-week digital intervention on individuals experiencing symptoms of major depression.

Meru has two digital programs. The first, which will be the subject of the NIH grant, which uses therapist support, biofeedback training, peer support medication, and habit-changing activities, according to the company’s webpage. The second is a chat-based coach program that includes workshops and digital media to help users manage stress. 

Based in Silicon Valley, the startup recently scored $38 million in venture dollars.

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