🧠 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. 23 captures the full list of investments I’ve tracked since the last post. Enjoy :)
💰 Recent Investments, Acquisitions, and IPOs
Rundown of recent investment news in mental health and wellness companies.
Affect Therapeutics, an addition recovery app, raised $16M in its Series A led by ARTIS Ventures (Link)
Anise Health, a culturally-responsive digital mental health company, raised a $1.2M Pre-Seed round led by Kicker Ventures (Link)
Arialys Therapeutics, a biotech developing precision medicines for neuropsychiatric disorders, debuted with $58M in funding (Link)
Author Health, a hybrid care platform for MA members with SMI and substance use disorders, launched with $115M in funding (Link)
Beckley Waves, a venture studio focused on the psychedelic care ecosystem, raised $3.3M (Link)
Berry Health, a Ghanaian startup focused on sexual and mental health in Africa, raised a $1.6M Pre-Seed round led by Lightspeed Venture Partners and General Catalyst (Link)
Better Life Partners, a solution for those struggling with substance use disorders, raised a $26.5M Series B co-led by aMoon and F-Prime Capital (Link)
Blueprint, a platform helping mental health clinicians deliver care more efficiently, announced a $9M Series A co-led by Ensemble VC and Lightbank (Link)
BrainTale, a medtech company developing tools for better care of neurological disorder, raised $5.8M from Capital Grand Estate and MACSF (Link)
Caraway, a digital healthcare company (which includes mental healthcare) focused on Gen Z, announced a $16.8M Series A financing led by Maveron and GV (Link)
Cartwheel, a platform for student mental health, raised a $20M Series A led by Menlo Ventures (Link)
CIONIC, creator of an FDA-approved “neural sleeve” to help with mobility impairment, raised a $12M Series A extension led by L Catterton (Link)
Connections Health Solutions, a company providing behavioral health crisis care, closed a $28M growth financing led by Town Hall Ventures (Link)
Cortica, a values-based autism services company, raised a $40M Series D extension led by CVS Health Ventures (Link)
Daybreak Health, a provider of school-based youth mental health services, raised a $13M Series B led by Union Square Ventures (Link)
Eleos Health, a company using AI to automate behavioral health documentation and insights, raised a $40M Series B round led by Menlo Ventures (Link)
evolvedMD, a provider of collaborative care management which embeds behavioral health into primary care, raised a $14M Series A led by Conductive Ventures (Link)
Family First, a platform helping caregivers with their mental health, raised an $11M Series A led by RPM Ventures and Eos Venture Partners (Link)
Flourish Labs, a telehealth and training peer support platform for mental health, raised a $6.6M Seed (Link)
Forum, a marketplace for peer-support groups, raised a $5.3M Seed round led by NextView Ventures (Link)
Heading Health, a mental health provider focused on patients with depression and trauma, raised a $4.5M Series A extension led by Gron Ventures and Jam Fund (Link)
Headway, a mental health platform connecting patients to in-network providers and providers with insurance companies, raised a $125M Series C led by Spark Capital, boosting its valuation north of $1B (Link)
Heard Technologies, a developer of back office tools to help therapists, raised a $15M Series A extension led by Headline (Link)
Hero Journey Club, a mental health platform providing support with gaming, raised $14.6M (Link)
Hubly Surgical, a developer of neurosurgical devices, raised a $3M Seed (Link)
Innerworld, a peer-to-peer support system in social digital worlds, was granted $2M in funding from the National Institute of Mental Health (Link)
Intuition Robotics, a company developing a care companion for seniors experiencing loneliness, raised a $25M round led by Woven Capital (Link)
Kyros, a platform providing substance use recovery services, raised a $10.5M round led by Rally Ventures (Link)
LANGaware, a company using AI to predict and monitor mental health conditions, raised $2.5M from Eleven Ventures (Link)
Likeminded, a German-based mental health solutions company, raised a $6.5M Seed round led by Holtzbrinck Digital (Link)
Lissun, an India-based mental health platform, raised a $1.3M Seed round led by Inflection Point Ventures and Rainmatter Capital (Link)
Mavida Health, a maternal mental health platform, raised a $1.5M Pre-Seed round (Link)
Meeno, an AI-powered chatbot combating loneliness, raised a $3.9M Seed round led by Sequoia (Link)
Mentra, a neuroinclusive employment network, raised a $3.5M Seed round led by Shine Capital (Link)
Nema Health, a provider of online trauma therapy for PTSD, raised a $4.1M Seed round led by Optum Ventures and .406 Ventures (Link)
Neuralink, Elon Musk’s brain computer interface company, announced a $280M Series D led by Founders Fund (Link)
NeuroFlow, a mental health software platform monitoring behavioral health issues, raised an undisclosed sum from Concord Health Partners (Link)
Neuros Medical, a company targeting chronic post-amputation pain, raised a $25M growth round led by Trinity Capital (Link)
NeuroTrainer, a developer of VR-based cognitive skills tools for athletes, closed a $1.5M Seed round led by 9.58 Ventures (Link)
Neurowyzr, a company aiming to democratize access to brain healthcare through online tools, raised a $2.1M Seed round led by Jungle Ventures and Peak XV’s Surge program (Link)
NorthStar Care, a provider of virtual substance use disorder treatments, raised $6M in Seed funding (Link)
nyra health, a digital therapy platform for neurological patients, closed a $5.8M Seed round led by MassMutual Ventures and Wellington Partners (Link)
Octave, a value-based behavioral care software, raised a $52M Series C led by Cigna Ventures, Novo Holdings, and Avidity Partners (Link)
Octave Bioscience, a precision medicine company focused on neurodegenerative diseases, closed a $30M Series B extension (Link)
Oliva, a health tech company offering workplace mental health support, raised a $6.4M round led by Molten Ventures (Link)
Poppins, a company developing treatments for children’s neurodevelopmental disorders, raised $9.9M in funding led by Eurazeo (Link)
Rapport Therapeutics, a biotech developing precision drugs for brain and nervous system disorders, raised a $150M Series B led by Cormorant Asset Management (Link)
ReflexAI, a company working on AI tools to aid in crisis response, including mental health crises, raised a $3.3M round led by Footwork (Link)
Sonera, which has developed a new sensing modality to non-invasively measure magnetic fields generated by the body, has raised an $11M Seed round led by Amplify Partners (Link)
Teale, a workforce mental health platform, raised a $11M Series A round led by Alter Equity and Bpifrance’s Digital Venture Fund (Link)
Thoughtful, a mental health app aimed at combatting loneliness, raised $7M in Seed funding led by VCP Ventures (Link)
thymia, a developer of gamified AI tools to assess and monitor mental health, raised $3M in its Seed round led by Kodori Ventures (Link)
UpLift, a behavioral health provider, announced its $10.7M Series A led by Ballast Point Ventures (Link)
Zama Health, a mental health platform for athletes, raised $500K in a Pre-Seed (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.