🧠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. 21 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.
Alto Neuroscience, a company developing precision psychiatric medicines, announced a $25M equity investment and $35M credit facility in a Series B extension (Link)
AnswersNow, a provider of behavioral analysis therapy for children with developmental conditions including autism, announced an $11M Series A led by Left Lane Capital (Link)
Array Behavioral Care, a virtual psychiatry and teletherapy platform, raised $25M in its latest round led by CVS Health (Link)
Atommerce, maker of a South Korean mental healthcare platform called Mind Cafe, raised $4.8M in funding from Lotte Healthcare and Samsung Venture Investment (Link)
Beaming Health, a directory of providers for children with autism, raised a $1.7M Pre-Seed round led by NextGen Venture Partners (Link)
BetterNight, a virtual sleep care provider, raised a $33M growth round led by NewSpring (Link)
Cerevance, a clinical-stage drug discovery company developing CNS therapeutics, closed a $51M Series B extension (Link)
Chimney Trail Co., a subscription box startup with a mental health focus, raised a $300K round (Link)
Choose Ketamine, a virtual ketamine therapy provider, raised a Seed round led by Manifestations Capital (Link)
EuMentis Therapeutics, a company developing treatments for neurodevelopmental and neuropsychiatric conditions , raised a $40M Series B (Link)
firsthand, a company targeting serious mental illness, raised $28.1M from GV (Link)
Fort, a mental healthcare provider for children and adolescents, raised $8.8M (Link)
Frankie Health, a company supporting employee mental wellbeing, he been acquired by Unmind for an undisclosed sum (Link)
Headway, a mental health therapy network operator, is in talks to raise $100M at a $1B valuation (Link)
Healium, a stress and meditation tool leveraging VR, AR, and AI, raised $3.6M in its Seed round (Link)
HeyKiddo, an at-home tool for parents navigating their children’s mental health needs, raised a $1M Seed round (Link)
Inflow, a platform for managing ADHD through cognitive behavioral therapy, raised an $11M Series A led by Octopus Ventures (Link)
Journey Clinical, a company matching therapists with psychedelic-prescribing physicians to enable psychedelic care delivery, raised an $8.5M Series A led by Union Square Ventures (Link)
LunaJoy, a women’s-focused mental health app, raised a $2.4M Seed round (Link)
MindTension, a company developing a tool to help diagnose and treat ADHD, raised $2M (Link)
NOCD, a provider of OCD treatment, announced a $34M funding round co-led by Cigna Ventures and 7wireVentures (Link)
Oneleaf, a self-hypnosis app, raised $4.6M to help people use hypnosis to follow programs to quit smoking, reduce anxiety, or lose weight (Link)
Ooca, a Thailand-based mental health telemedicine company, raised an undisclosed Series A from Bangkok Dusit Medical Services (Link)
Parable, a supplements company focused on brain nutrition and health, raised a $2.8M Seed round led by M13 and Break Trail Ventures (Link)
Precision Neuroscience, a BCI company working to help paralyzed patients operate digital devices using only neural signals, announced a $41M Series B (Link)
ShareWell, a mental health company focused on peer support groups, raised a $1.3M Pre-Seed round (Link)
Sleepagotchi, a mobile app that gamifies sleep habits, raised a $3.5M Seed (Link)
Spectrum.Life, a mental health platform based in Dublin, raised $6M in funding led by Act Venture Capital (Link)
Syndi Health, an employee wellbeing platform that uses AI to connect employees to the appropriate wellbeing services, raised a $2M Pre-Seed round (Link)
Transcend Therapeutics, a biotech company taking methlyone through clinical trials for neuropsychiatric diseases, raised a $40M Series A led by Alpha Wave Global and Integrated Investment Partners (Link)
Vanna Health, a startup serving patients with Serious Mental Illness (SMI), raised $29M (Link)
Wisdo Health, a peer support and benefits navigation platform designed to address loneliness and social isolation, raised a $5M Series A (Link)
WITHIN Health, a psychedelic medicine clinic, raised $1.1M in a Series A (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.