Chicago-based NOCD raised $34 million in its latest funding round. The behavioral health tech company will now expand its therapist workforce, raise public awareness for obsessive-compulsive disorder (OCD) and expand its outcomes data collection and analysis efforts. NOCD’s total funding has reached about $84 million since its founding in 2018, according to Crunchbase. In September […]
Several behavioral health startups have soldiered through a recent investment slowdown in the digital mental health space and secured funding. Quit Genius, Wondermind, Kona, Caraway and Wysa, for instance, have all raised venture funding within the last few weeks. During the second quarter, investment in digital mental health tumbled 53% year over year, after banner […]
Four venture capital principals in the health tech space called out and condemned the VC-backed startup ethos of growing at all costs in digital mental health. The principals, who spoke on a panel during the 2022 Going Digital: Behavioral Health Tech conference, also said bad actors in digital health reveal the need for industry standards […]
With as many as 20,000 digital mental health apps on the market, there is bound to be redundancy. This coupled with the money invested into the sector has made digital mental health prime for consolidation. However, a mismatch of valuation expectations and digital health’s disappointing performance on the public market has created challenges for startups […]
Youth telebehavioral health company Brightline announced Tuesday that it has raised $105 million in a Series C funding round led by global investment firm KKR. The Palo Alto, California-based company now has raised over $200 million and is valued at $705 million, Bloomberg reported on Tuesday. Also participating in the round are existing investors GV […]
Brightline — which provides virtual behavioral health assistance to children, teenagers and families — announced Wednesday that it has results from a new funding round and will be expanding its offerings. The Palo Alto, California-based company pulled in $72 million in a pre-emptive Series B funding round led by GV (formerly Google Ventures), along with […]
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