Investing in eating disorder provider Arise
Virtual eating disorder provider Arise has raised roughly $6.5 million, according to an SEC filing.
This comes less than two years after the New York-based startup landed $4 million in capital.
The provider offers personalized treatment for individuals living with eating disorders.
It prioritizes hiring a diverse base of providers so that patients can get care from someone from a similar demographic group. It also offers peer support groups.
“We believe that by centering the individual’s experiences and the individual’s voice, we can actually create a more effective treatment [long] term,” Joan Zhang, chief product officer and co-founder of Arise, previously told BHB.
Arise accepts several commercial insurance plans, including Optum, Cigna, UnitedHealthcare and Aetna, as well as Medicare and Medicaid.
Being Health lands $5.4M for hybrid mental health offering
New York-based mental health practice Being Health has raised $5.4 million from 18 Park and HDS Capital.
The provider offers psychiatry, psychotherapy, novel treatments, functional medicine and wellness services. The hybrid care provider offers a virtual option and in-person appointments at its Manhattan, New York location.
“Being Health’s integrated model of care leveraging traditional and novel treatments is positioned to play a leading role in transforming mental health care as we know it,” Haim Dabah, founder of HDS Capital and lead investor, said in a statement. “By expanding the mental health toolkit and building a team of best-in-class clinicians coupled with gold-standard safety protocols, Being Health can serve as a bridge to bring innovative treatments to patients in a safe, clinical environment.”
Founded in 2023, the company hopes to differentiate itself by offering “diverse therapeutic modalities under one roof.”
LifeGuides Raises $16.5 million
Employee wellness company LifeGuides closed a $16.5 million investment round, according to SEC documents.
The platform connects users to “life guides” who help members work through their everyday challenges. Guides help users address several areas of life. These include navigating emotional well-being and stress, work-life balance, proactive wellness, disease or illness, identity, community and relationships.
The company matches users with guides with similar experiences and connects them via video or messaging.
LifeGuides’ employer clients include Mattel, Heartland, Kaiser Permanente and BBB.
XRHealth scoops up $6 million for virtual reality platform
Virtual reality platform XRHealth landed $6 million in a funding round led by Asabys Partners. NOVA Prime fund and XRHealth’s existing investors also participated.
This comes roughly two years after the company announced a $10 million funding round.
“The funding is intended to support the growth of our platform, which is now the largest virtual/augmented reality solution supporting both physical and mental health,” Eran Orr, Chief Executive Officer of XRHealth, said in a statement. “We are also very excited to announce that we are working on an AI clinician in spatial computing, which will reduce the burden from the clinical staff and improve access to healthcare to millions of patients around the world.”
The news coincides with the merger of XRHealth and Amelia Virtual Care. The company’s treatments include VR occupational therapy, VR mental health therapy and online physical therapy.
It can treat several behavioral health conditions such as anxiety, stress and autism. The technology can also treat patients with physical health conditions such as fibromyalgia, chronic pain and neurological conditions.