Gambling addiction provider Birches Health announced it raised $20 million across two rounds: one closed last month and the other at the end of 2023. The venture capital and investment giant General Catalyst led the seed round, which closed in December 2023. AlleyCorp led the Series A round, which closed in August 2025. Other investors […]
Youth-focused telehealth startup Cartwheel Care has disclosed raising $35 million of a $44 million funding round. In 2023, Cartwheel Care raised a $20 million Series A round. The venture capital firm Menlo Ventures led the round. Other investors in the 2023 round included Reach Capital, General Catalyst, BoxGroup and Able Partners. General Catalyst, Menlo Ventures […]
Venture capital could play a critical role in the future of value-based behavioral health care. Specifically, investors could help connect the various stakeholders and data points to facilitate value-based care in behavioral health. “When you think about the role that investors or startups can play when it comes to value-based care, you have to think […]
Eleanor Health, a company that offers “addiction treatment from the comfort of home” announced Monday that it has raised $30 million in its latest equity financing round. The Series D capital raise was led by General Catalyst, a multinational venture-capital firm that previously led Eleanor Health’s $50 million Series C funding round. General Catalyst’s wide-ranging […]
After an explosion of investment in 2021, behavioral health startups have faced a slowdown in venture capital funding over the last year. Despite past challenges, many venture investors continue to see significant opportunities in the behavioral health sector, anticipating substantial changes as innovative payment models and maturing companies help this market evolve. The long-awaited consolidation […]
Youth mental health startup Cartwheel Care Inc. has landed a $20 million Series A funding round. The Cambridge, Massachusetts-based company offers pediatric digital mental health services via partnerships with school systems and boasts a no-waitlist system. “Our commitment is that we will have appointments for the family within seven to 10 days of that initial […]
Virtual provider Equip announced that it is expanding its scope of care to treat adults with eating disorders. The San Diego-based provider got its start treating people with eating disorders under the age of 24. There is also a substantial need for eating disorder care in the adult population, however. Additional funding from General Catalyst, […]
Mindstrong Inc. appears to be winding down after raising over $100 million in venture capital. The Menlo Park, California-based startup has terminated almost all of its C-suite along with nearly 130 other jobs and is closing its headquarters. The move is the latest in a string of ominous developments in the behavioral health tech space. […]
Venture capital firms the past few years have pumped billions of dollars into behavioral health companies, recognizing the vast need for their services and untapped opportunities to consolidate a fragmented market. Among the most active VC investors has been General Catalyst, which boasts a portfolio of more than a dozen behavioral health-focused companies, from Eleanor […]
Eleanor Health revealed Thursday that it landed a $50 million Series C funding round. The Waltham, Massachusetts-based addiction and mental health care provider is built around deploying population health and value-based payment models, putting it at the forefront of behavioral health startups with innovative care and reimbursement models. Launched in 2019, the company has raised […]
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