🧠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. 22 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.
Aiberry, an AI-powered mental health screening platform, raised an $8M Seed round led by CCG (Link)
BeMe, a digital behavioral health platform for teens, raised an undisclosed sum from Fiore Ventures (Link)
Bend Health, a youth- and family-focused behavioral health company, has secured $32M in funding with participation from Maveron, SteelSky Ventures, and WVV Capital (Link)
Better Therapeutics, a prescription digital therapeutics company using CBT, announced a private placement of common stock that raised $6.5M (Link)
Clearmind Medicine, an Israeli company developing novel psychedelic-derived therapeutics, raised $3.5M in a public offering (Link)
Cortica, an autism care provider, raised a $75M Series D led by Deerfield Management and Optum Ventures (Link)
Cognito Therapeutics, a startup using visual and auditory stimulation to treat neurodegenerative disorders, raised a $73M Series B led by FoundersX Ventures (Link)
Doki, a digital mental health app based in Spain, raised $850K in Seed funding (Link)
Hallow, a faith-based prayer app, closed a $50M Series C led by Goodwater Capital (Link)
HelloBetter, a digital therapeutics startup tackling mental health, raised a $7.5M Series A extension led by MassMutual Ventures (Link)
HelloSelf, a British teletherapy provider, raised a $20M Series A led by Octopus Ventures (Link)
Mantra Health, a mental health startup targeting college campuses, raised a $5M Series A extension (Link)
Mindset Health, a digital hypnotherapy company, raised a $12M Series A led by King River Capital (Link)
Modo, a mental health app aimed to help clear your mind, raised $800K (Link)
Modulo Bio, a neuro startup developing therapies for ALS and dementia, raised $8M in venture funding (Link)
Neura Health, a company supporting people living with chronic neurological conditions, raised an $8M Seed round led by Koch Disruptive Technologies and Norwest Venture Partners (Link)
Noema Pharma, a Swiss company developing a pipeline of drugs targeting CNS disorders, raised a $112M Series B co-led by Forbion and Jeito Capital (Link)
Nolea Health, a recruitment platform for mental health professionals to address shortages, raised a $1.2M Seed round led by Frontline Ventures (Link)
Octave Health Group, a mental health startup, raised $22M in new funding (Link)
Paradromics, a developer of a high data-rate BCI, announced a $33M Series A led by Prime Movers Lab (Link)
QurAlis, a clinical-stage biotechnology company developing medicines for neurodegenerative diseases including ALS, raised an $88M Series B led by EQT Life Sciences (Link)
Rapport Therapeutics, a Third Rock Ventures’ clinical-stage developer of precision neuromedicines, launched with a $100M Series A (Link)
Ritual, an audio-based app focused on stress reduction, raised a $4.8M Seed round (Link)
Sensate, a device and app aiming to relieve stress and anxiety, raised a $3.2M Seed round led by Incisive Ventures (Link)
Somethings, a youth-focused wellness platform connecting teenagers with trained mentors, raised $3.2M in a Seed round led by General Catalyst (Link)
Spring Health, a digital behavioral health benefits company, raised a $71M round at a $2.5B valuation (Link)
Stella, a provider of trauma treatment, raised $7M from Sterling Partners (Link)
TARA Mind, a company building a network of psychedelic therapists and digital tools for care delivery, raised a $3M Pre-Seed led by Red Cell Partners (Link)
Thoughtfull, a digital mental health platform based in Asia, raised a $4M Pre-Series A round led by Sheares Healthcare Group (Link)
Uwill, a mental health and wellbeing solution for college students, announced a $30M Series A funded by Education Growth Partners (Link)
Wave Life, a mental health company focused on the Gen Z audience, announced a $6M Seed led by Santé Ventures (Link)
YourPath, a company delivering care for those with substance use disorder, raised $2.1M in funding led by Bread and Butter Ventures (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.