Handspring, which presents digital psychological well being for youth and their households, introduced it scored $12 million in Collection A funding,
Cobalt Ventures led the spherical, with participation from Arkitekt Ventures, Hyde Park Angels (HPA), nvp capital, NextView Ventures, Cornucopian Capital, VamosVentures and 25madison. Two unnamed well being plans additionally joined the spherical.
Dipa Mehta of Valeo Ventures and Rob Go of NextView Ventures joined the corporate’s board of administrators.
WHAT IT DOES
The corporate presents pediatric digital psychological healthcare for youth and their households, together with entry to therapists with a concentrate on skills-based cognitive behavioral remedy.
Handspring’s choices embrace entry to totally employed, educated therapists, age-appropriate skill-building, parental involvement, collaborative and lively participation, a strengths-based perspective, and progress monitoring and suggestions.
“Whereas we have made strides in increasing entry to care, we have concurrently allowed high quality requirements to erode. Sufferers deserve extra than simply an obtainable therapist – they deserve evidence-based remedy, real therapeutic relationships, and measurable progress towards restoration,” Sahil Choudhry, CEO and cofounder of Handspring, mentioned in a press release.
“This funding is so necessary as a result of it helps us proceed to construct a system that actually cares in regards to the long-term well-being of each little one and household we serve.”
MARKET SNAPSHOT
In 2022, Handspring, often known as Handspring Well being, closed a $6.2 million seed round led by Newark Enterprise Companions and NextView Ventures.
A big portion of U.S. kids and adolescents obtain outpatient psychological healthcare by way of video visits, based on a research revealed in The American Journal of Psychiatry.
There was a notable enlargement of digital telehealth-based psychological healthcare through the COVID-19 pandemic, and the research states that is prone to be a permanent function of outpatient care supply for youngsters and adolescents.
One other group providing pediatric psychological well being companies is digital care firm Teladoc, which final 12 months announced a partnership with pediatric digital behavioral well being firm Brightline to increase psychological healthcare choices for youngsters, adolescents and their households by way of Teladoc’s platform.
Brightline presents kids and their households digital behavioral well being companies and works with employers and main insurers to offer teaching and remedy companies.
By means of the partnership, members below 18 years of age and their caregivers may have entry to Brightline’s psychological healthcare options for a variety of situations by way of Teladoc’s platform.
Trending Merchandise
