Virtual Mental Health Platform Company HelloSelf Announces $20M Haul; Fort Health Secures $9M

HelloSelf lands $20M Series B Round

The HelloSelf secured a $20 million funding round led by Octopus Ventures, the multi-stage London-based venture capital firm.

The company offers telehealth and other self-guided mental health services. It provides a platform for connecting providers and patients rather than directly employing and controlling providers.

Similar companies have garnered significant interest from investors, payers and providers alike. In February, Headway secured “unicorn” status following a reported $100 million funding round.


Octopus Ventures led the HelloSelf round and was joined by Omers Ventures, Manta Ray Ventures and Oxford Capital, according to Axios.

Before the Series B funding announcement, HelloSelf, which is based in London, had raised $11.3 million, according to Crunchbase.

In 2022, it secured a pilot program with the United Kingdom’s National Health Service.


Octopus Ventures has invested in several digital behavioral health companies. These include virtual addiction treatment provider Quit Genius’ $64 million Series B round and virtual ADHD treatment provider Inflow’s $11 million Series A round.

Virtual youth mental health provider Fort Health discloses $8.99M funding round

New York City-based Fort Health disclosed raising $8.8 million of a $9 million round, according to public disclosures.

About $4.5 million of the investment came from the Blue Venture Fund.

The company provides telehealth services to children through partnerships with local pediatricians. The company’s care is built on the research of the New York City-based Child Mind Institute and was developed in collaboration with Redesign Health, a company dedicated to fostering startups in health care.

Fort Health seeks to act as a bridge between physical health and mental health, a uniquely difficult challenge in pediatrics. Between 2016 and 2020, the number of children ages 3 to 17 years diagnosed with anxiety grew by 29 percent and those with depression by 27 percent, according to one study. Another finds some pediatricians and other primary care providers aren’t comfortable managing mental health symptoms.

“Digitizing youth mental health treatment alone will not solve this crisis,” Natalie Schneider, CEO of Fort Health, said in a press release. “We are built in partnership with the Child Mind Institute, the leading independent nonprofit in children’s mental health, to deliver a more effective, affordable, and evidence-based solution.”

Artificial intelligence-powered Aiberry lands $8M

Aiberry, a Seattle-based mental health screening company, raised $8 million in seed funding. Confluence Capital Group Inc. led the round with participation from Ascension AI, according to a news release.

The company uses an “AI-powered therapeutic assistant” to help health care providers perform real-time screenings for depression and anxiety. The service works in in-person settings, via telehealth and in self-screening settings. It does so tracking vocal, facial and language cues.

Aiberry also uses several data tools to track progress and create risk-level scores.

“Our investment thesis is to apply artificial intelligence to solve practical problems in healthcare so that it drastically improves outcomes,” Stewart Williams, partner at Confluence Capital Group, said in a news release.

Aiberry positions its assessment and tracking service as a key tool in assessing the impact of intervention with quantifiable outcomes data, allowing organizations to better assess and adjust investments in various services, the release states.

Wave Life Inc. gets seed funding

The San Francisco-based startup Wave Life announced last week it secured $6 million in seed funding in a round led by Austin, Texas-based Santé Ventures, the private company investing arm of the firm Santé Capital Management.

Wave Life is a mental health platform that combines coaching services and self-guided tools and content in an app that helps users “navigate life’s challenges without being bored to tears,” according to the firm’s website. Specifically, the app is geared toward engaging with Gen Z users in and out of the workplace.

The new funding will help Wave Life refine its product offering and expand into the employer space.

“Many young adults, especially those who come from underrepresented backgrounds are disengaged and disappointed with their healthcare options and are seeking alternative solutions that are more relatable and convenient. But they don’t want to sacrifice science-backed care,” Sarah Adler, Wave Life founder and CEO, said in a news release. “We designed Wave Life to bridge this gap, providing a platform for personalized plans and on-demand coaching sessions accessible on the phone.”

Adler is also a clinical associate professor of psychiatry at Stanford University.

Apollo Behavior Services LLC raises $4.2M

Suwanee, Georgia-based autism therapy provider Apollo Behavior Services LLC disclosed a $4.2 million funding effort, according to public disclosures.

The company provides Applied Behavior Analysis (ABA) via center-based, in-home and telehealth services. It operates three locations, according to its website.

Kim Dean founded Apollo Behavior Service in 2020. Dean is a long-time investment leader, holding executive positions with several firms. He also founded and works with Austin, Texas-based Partners Legacy, a firm that helps owners transition businesses to partners that “preserve their legacy,” according to LinkedIn.

Autism care provider ABS Kids raises $3.5M

Alternative Behavior Strategies LLC raised $3.5 million in a round that started on March 8. A March 9 filing shows that nine investors joined the round at that point.

A review of previous investment filings shows that the Encino, California-based pediatric autism treatment provider, has raised a total of $25.5 million.

Operating as ABS Kids, the company offers applied behavior analysis and psychological assessments. It offers in-center, at-home and community integration services for children ages 2 to 18 years, according to its website.

The company is a platform investment for Morgan Stanley Expansion Capital and Petra Capital Partners, according to a 2019 announcement.

Beaming Health lands funding to buoy marketplace for neurodiverse care

San Francisco-based behavioral health platform Beaming Health Inc. disclosed a $1.98 million funding round.

NextGen Venture Partners led the round.

The company offers a “marketplace” for those seeking treatment for pediatric autism and other neurodiverse conditions. These services include speech therapy, special education, diagnostic, occupational therapy and applied behavior analysis services.

Beaming Health helps greater efficiency in connecting providers to families seeking care. It has a partnership with the accreditation organization Behavioral Health Center of Excellence (BHCOE) to highlight care quality; it was announced in December.

Mental Health Center of America raises $2M

Phoenix, Arizona-based Mental Health Center of America raised $1.9 million, according to a filing.

The outpatient mental health provider operates one center and will open another in East Valley, Arizona. The company offers individual, couples and group therapy; neurofeedback, nutritional psychiatry and wellness therapies; and psychiatric services and psychological assessments, according to its website.

The company offers telehealth and in-person services. It was founded in 2020 by Ryan House and Jason Schneider Law.

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