Digital peer support startup Forum gets $5.3M in seed round The New York City-based startup Forum has created a digital peer support marketplace to help people through major life issues. These include addiction recovery, grief, relationship issues, career changes, chronic health conditions, loneliness and grief. NextView Ventures led the company’s $5.3 million seed round, with […]
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. […]
UnitedHealth Group Inc. (NYSE: UNH) continues to explore new ways of engaging with vulnerable populations while transitioning to value-based care. Over the next few years, much of that exploration will focus on behavioral health. That’s according to UnitedHealth Group CEO Andrew Witty, who touched on the Minnetonka, Minnesota-based health care giant’s behavioral health ambitions on […]
CareBridge, a Nashville, Tennessee-based tech and telehealth startup, is tackling one of the hardest challenges in health care. And the moxie it takes to do so — and do so while taking on financial risk — has helped it woo investors to the tune of $180 million over two funding rounds. The latest funding round […]
OCD, anxiety, eating disorders – there’s an app for all of that. In fact, when it comes to the digital health space, the number of startups focusing on nearly every facet of mental health is expanding at breakneck speed. In the late 2010’s, digital mental health companies were just beginning to come into the mainstream. […]
Nashville, Tennessee-based CareBridge on Wednesday announced a $140 million funding round led by Oak HC/FT, with participation from “four of the nation’s five largest” Medicaid managed care organizations (MCOs). The home- and community-based services (HCBS) provider noted in a press release that it will use the funding to spread its value-based care model for Medicaid […]
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 […]
The worldwide digital market for behavioral health care is booming, and is expected to grow to nearly $840 billion by 2027, according to Data Bridge Market Research. The current provider market is filled with a number of players, with an estimated 20,000 apps worldwide available through Apple and Android that support behavioral health. Over $5 […]
Data science and health technology company Holmusk, which is building a large-scale evidenced-based platform for behavioral health, recently closed a strategic investment round. Holmusk, whose last fundraising effort was a Series A round in May 2020, received investments from new participants including Novartis (dRx Capital) and Northwell Holdings. Northwell Holdings is the investment arm of […]
The behavioral health industry had gradually been moving towards telehealth even before the pandemic, but COVID has only accelerated the transition. Many have also called for telehealth to become a permanent part of the post-COVID behavioral health landscape, especially as a way to increase access to those who may otherwise have trouble getting it. Dirk […]
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