The digital behavioral health sector has seen a dearth of venture funding. And what funding is available has been especially hard to get since the peak of digital behavioral health funding in 2021. The year 2024 reiterated essential lessons for digital behavioral health companies seeking funding as total funding amounts lingered near the bottom of […]
NOCD
Investing in the behavioral health industry has evolved rapidly in the last five years. From dizzyingly high funding levels to dramatic drops in annual totals, the recent past makes visualizing the future a daunting task. But long-term industry trends and emerging investment patterns offer some idea of what direction up-and-coming behavioral health companies are heading. […]
Technology adoption could change how patients, providers and payers experience the behavioral health industry. Leaders of the behavioral health tech startup NOCD and Evernorth, the services division of The Cigna Group (Nasdaq: CI), point to their partnership as an example of using technology to change the current combative nature of payer-provider relations into productive, patient-centered […]
Quartet shakes up its leadership team with a new CEO, COO Digital behavioral health company Quartet Health has named Christina Mainelli its next CEO. Mainelli, who previously served as the company’s COO and president, will take the reins from Puneet Singh. Meanwhile, a former senior vice president at Quartet, Anay Patel, will move into the […]
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 […]
Tracking behavioral health outcomes and therapist performance has been notoriously challenging in the past. New telehealth capabilities could be the key to measurement-based care in the future, according to panelists at The Future of Mental Health event. Digital tools could also provide more insights into clinician performance and help behavioral health organizations provide appropriate interventions. […]
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 […]
NOCD, a provider of obsessive compulsive-disorder treatment, announced an impressive Series B funding round as it continues its efforts to address the global OCD crisis. NOCD pulled in $33 million in the funding round following the company establishing a new behavioral health market category called “Community-Driven Therapy”. The funds will be used to expand NOCD’s […]