Handspring, which provides 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 provides 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 completely employed, educated therapists, age-appropriate skill-building, parental involvement, collaborative and energetic 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, stated in an announcement.
“This funding is so essential as a result of it helps us proceed to construct a system that actually cares concerning the long-term well-being of each little one and household we serve.”
MARKET SNAPSHOT
In 2022, Handspring, also referred to as Handspring Well being, closed a $6.2 million seed spherical led by Newark Enterprise Companions and NextView Ventures.
A big portion of U.S. kids and adolescents obtain outpatient psychological healthcare by means of video visits, based on a research revealed in The American Journal of Psychiatry.
There was a notable growth of digital telehealth-based psychological healthcare throughout the COVID-19 pandemic, and the research states that is prone to be a permanent characteristic of outpatient care supply for youngsters and adolescents.
One other group providing pediatric psychological well being providers is digital care firm Teladoc, which final 12 months introduced a partnership with pediatric digital behavioral well being firm Brightline to increase psychological healthcare choices for youngsters, adolescents and their households by means of Teladoc’s platform.
Brightline provides kids and their households digital behavioral well being providers and works with employers and main insurers to supply teaching and remedy providers.
By the partnership, members beneath 18 years of age and their caregivers may have entry to Brightline’s psychological healthcare options for a variety of circumstances by means of Teladoc’s platform.
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