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 […]
Ophelia, a New York-based provider of virtual opioid use disorder (OUD) treatment services, has landed $15 million in Series A funding. The round, which the company announced Thursday, was led by Menlo Ventures. Other investors include Y Combinator, General Catalyst and Refactor Capital, as well as the founders of Harry’s, Warby Parker, PillPack, Allbirds, Carbon […]
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