🧠 Investments on the Mind
The latest on the business of mental health and wellness
Welcome to On The Mind, a collection of stories, news, and analyses on the startups, investors, and thought leaders in mental health and wellness.
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Issue No. 19 captures the full list of investments I’ve tracked since the last post.
💰 Recent Investments, Acquisitions, and IPOs
Rundown of recent investment news in mental health and wellness companies.
Alleva, a behavioral health-focused EHR, raised $12M in a Series A led by Ankona Capital (Link)
Alma, the creator of software for mental health professionals building their practices, raised a $130M Series D led by Thoma Bravo (Link)
Alongside, a mental health chatbot focused on students, raised $5.5M in a Seed round led by Trilogy Equity Partners (Link)
Bicycle Health, a provider of virtual opioid addiction treatment, secured $5M in a Series B extension led by Cobalt Ventures (Link)
Brave Health, a mental health virtual care startup focused on the Medicaid population, raised a $40M Series C led by Town Hall Ventures (Link)
Brightline, a virtual behavioral healthcare offering for children and families, raised a $10M Series C extension from Northwell Health (Link)
Butterfly Learnings, a pediatric behavioral health platform, raised a $1.5M Seed round (Link)
Caraway, a company dedicated to young women’s reproductive and mental health, raised an $11M Seed round led by 7wireVentures and OMERS Ventures (Link)
Cartwheel Care, a mental health startup geared toward children, raised roughly $4M in Seed funding led by General Catalyst (Link)
Ceribell, which is focused on seizure monitoring and detection technology, raised $50M in a Series C extension led by Ally Bridge Group (Link)
Clerkenwell Health, a psychedelic-specialist clinical research organization, raised $2.3M in Seed funding (Link)
Crainiometrix, a telemedicine platform created for Alzheimer’s patients, raised $6M (Link)
Folx Health, a virtual healthcare provider focused on the LGBTQ+ population, raised $30M in its Series B led by 7wireVentures to develop its mental health support services (Link)
Freedom Biosciences, a clinical-stage biotechnology platform advancing ketamine and psychedelic therapeutics, raised a $10.5M Seed round led by MBX Capital (Link)
Grow Therapy, a mental health marketplace, announced a $75M Series B led by TCV (Link)
Happy Health, maker of a smart ring that helps track mood, manage stress, and improve sleep, raised a $60M Series A led by ARCH Venture Partners (Link)
Headspace Health, a meditation app, has acquired Shine, a mental wellbeing app dedicated to inclusive experiences for the BIPOC community, for an undisclosed sum (Link)
Hopscotch, a digital youth mental health startup, raised an $8M Seed round co-led by Greycroft and Inspired Capital (Link)
Intellect, a mental health startup for the Asia-Pacific region, added $10M with a Series A extension led by Tiger Global (Link)
Interaxon, the maker of a once-hyped Muse meditation headband, raised a $9.5M Series C led by BDC Capital, Alabaster, and Export Development Canada (Link)
Limitless Minds, a digital mental fitness company providing transformational coaching and on-demand mindset training, raised a $2.5M Seed round (Link)
Lissun, a mental and emotional healthcare startup, raised a $1M Pre-Seed round led by IvyCap Ventures (Link)
LUCID, creator of a music therapy platform for Alzheimer’s, raised a $3M Seed round led by Amplify Capital (Link)
MediMusic, a startup that uses music to help patients combat pain, anxiety, and stress raised a $200K Seed round led by Finance Yorkshire (Link)
Motivo Health, which enables virtual supervision and coordination of licensure requirements for mental health, raised a $14M Series A led by Cox Enterprises (Link)
Neumora Therapeutics, a company building a multiprogram neuroscience pipeline, announced a $112M Series B (Link)
Neurofenix, a company focused on at-home stroke rehabilitation, raised $7M in a Series A led by AlbionVC (Link)
NeuroFlow, a company facilitating mental healthcare in-between office visits, raised $25M led by SEMCAP Health (Link)
OYE, a mental health app founded by J Balvin, raised a $4.1M Seed round (Link)
PsycApps, maker of a gamified mental health game, announced a $1.7M Seed round led by Morningside Ventures (Link)
PsychHub, an “Angie’s List” for mental health, raised a $16M Series A (Link)
Ria Health, a virtual provider focused on alcohol use disorder, raised $18M in a Series A led by SV Health Investors (Link)
Rippl, a company focused on providing mental health solutions to seniors, raised a $32M Seed round led by ARCH Venture Partners and General Catalyst (Link)
Sensible Care, a teletherapy provider, raised a $13M Series A led by Volition Capital (Link)
Shimmer, a startup that provides "bite sized" coaching to people with ADHD or executive function challenges, raised a $1.3M Seed round (Link)
Solvemed, a company developing ocular biomarkers for diagnosis of neurological disease, raised a $3.5M Seed round (Link)
Sonara Health, maker of a digital methadone management system, raised $3M in Seed funding led by First Trust Capital Partners and Blue Cross Blue Shield of Kansas (Link)
Sonder, an Australia-based wellbeing and safety company, announced a $25M Series B led by Blackbird Ventures (Link)
Thalamos, a London-based startup working to digitize aspects of emergency mental healthcare, raised $1M in Seed funding from Ascension’s Conduit Impact EIS Fund (Link)
Theranica, a prescription digital therapeutics developer focused on migraine care, raised a $45M Series C led by New Rhein Healthcare Investors (Link)
Trek Health, a payment and insurance workflow automation platform for mental health provider groups, raised a $2.7M Seed round led by Lionheart Ventures (Link)
Unobravo, an Italy-based therapist matchmaking platform, raised a $17M Series A led by Insight Partners (Link)
Wondermind, a mental fitness company created in-part by Selena Gomez, raised $5M at a $100M valuation in a round led by Serena Ventures (Link)
Wysa, an AI digital platform for mental health, raised a $20M round led by HealthQuad (Link)
On Your Mind
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Written by Daniel Tarockoff, a partner at Vine Ventures exploring the future of mental health. Born in Michigan. Based in San Francisco, CA.