Digital platform Mantra Health, which tailors mental health services to the higher education population, has raised $22 million in a Series A funding round led by VMG Partners. Other participants in the round included Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments and City Light Capital, all of whom have previously invested in […]
Category: Digital Health
Burlingame, California-based Lyra Health’s business will span major portions of the planet following its acquisition of ICAS World — a move fueled by its recently closed $235 million Series F round. The deal is meant to deepen Lyra Health’s position as an international player in the business of selling corporations mental health benefits for their […]
Telehealth – which in some ways was viewed by many as a curiosity prior to the global pandemic – has become more of a fixture in delivering care since the onset of the coronavirus. Nonetheless, many still prefer the old-fashioned way in person, particularly when it comes to behavioral health services. A quarter of Americans […]
New Directions Behavioral Health, which provides a range of behavioral health services in partnership with various entities, announced Friday that it is purchasing digital health solutions platform Tridiuum. Headquartered in Overland Park, Kansas, New Directions works with payors, employers and higher education institutions to serve over 15 million members nationwide. New Directions’ offerings include managed […]
The year 2021 was defined by the many struggles that organizations had largely foisted on them directly or indirectly by the ups and downs of the coronavirus pandemic. But many providers learned how to adapt to the new normal and began to tackle the even bigger challenges that a changing industry leveled on behavioral health […]
Digital health continued its tear in 2021, as the number of deals and the amount of funding in the space reached record levels. And if mental health had not already proven itself as a major engine driving activity, 2021 definitely underscored that fact. Digital startups based in the U.S. hauled in $29.1 billion over the […]
Digital health continues to be a hot commodity, as funding for the category exceeded the $20 billion mark in 2021. Telehealth use across the health spectrum has reached stratospheric levels, all of which leaves the telebehavioral health world in a unique position to take advantage of the demand. And what seemed only a few years […]
CVS Health (NYSE: CVS) has completed 8 million virtual visits for behavioral health care during 2021, the company disclosed last week during its Investor Day conference. Investor Day took place as the company also recently announced plans to close around 900 stores – around 10% of its physical locations – over the next few years […]
Online mental health company Cerebral announced on Wednesday that it has raised $300 million in Series C investments, bringing the total amount raised by the company to $462 million. Funding for Cerebral’s round was led by SoftBank Vision Fund 2, which is a venture capital fund of SoftBank Group. The round also drew participation from […]
Behavioral health solutions company Quartet Health announced that it has purchased InnovaTel Telepsychiatry, a health care platform that comprises a nationwide network of psychiatrists, psychiatric nurse practitioners and licensed clinical social workers. According to Quartet, the merger provides the foundation for a comprehensive and nationwide solution for all people, including those with complex needs. “By […]
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