StartUp Health Insights: Mental Health Startups Win Big | Week of Jan 25, 2022
Multiple mental health and wellness startups raised money this week, including the week’s largest funding round, plus the largest Series A raised by a mental health startup in Asia.
This week, we saw more than $960M in health innovation funding reported, led by Lyra Health, a Burlingame, CA-based mental health startup. The $235M round was led by Dragoneer, with participation from Salesforce Ventures and Coatue. <source>
Other recent deals included:
Iterative Scopes, a Cambridge, MA-based developer of precision-based GI disease technologies and software, raised $150M co-led by Insight Partners and Clearlake Capital Group, with participation from Obvious Ventures, Johnson and Johnson Innovation-JJDC, Eli Lilly, Breyer Capital, and others. <source>
Wheel, an Austin, TX-based healthcare platform that helps staff clinical workforces, raised $150M co-led by Lightspeed Venture Partners and Tiger Global, with participation from Coatue, Salesforce, CRV, Tusk Venture Partners, and Silverton Partners. <source>
Apprentice, a Jersey City, NJ-based startup working to transform pharma manufacturing with modern technology, raised $100M led by Alkeon Capital Management, with participation from Silverton Partners, Insight Partners, Pacific Western Bank, and Colorcon Ventures. <source>
Big Health, a San Francisco, CA-based maker of app-based digital therapeutics for insomnia and anxiety, raised $75M led by SoftBank Vision Fund 2. <source>
Gale Healthcare, a Tampa, FL-based startup that matches nurses with available work shifts, raised $60M from FTV Capital. <source>
Atlas Health, a Seattle, WA-based startup focused on philanthropic medical financial aid, raised $40M led by Felicis Ventures, with participation from GreatPoint Ventures, Tribe Capital, Global Founders Capital, and MBX Capital. <source>
Casana, a New York, NY-based health monitoring startup, raised $30M led by Morningside, with participation from Matrix, General Catalyst, Outsiders Fund, and a large healthcare provider. <source>
SeqOne Genomics, a Montpellier, France-based provider of genomic analysis solutions for personalized medicine, raised €20M ($23M) led by Omnes and Merieux Equity Partners, with participation from Software Club, Elaia, and IRDI Capital Investissement. <source>
Zoi, a Paris, France-based startup that wants to combine routine medical checkups with preventive care through a mobile app, raised €20M ($23M) from business angels. <source>
Mantra Health, a New York, NY-based digital mental health startup focused on young adults, raised $22M led by VMG Partners, with participation from New Market Venture Partners, Elements Health Ventures, 14W, Alumni Ventures, Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments, and City Light Capital. <source>
Topography Health, a Los Angeles, CA-based clinical trials platform for community physicians, raised $21.5M was led by Bain Capital Ventures, with participation from Andreessen Horowitz. <source>
Pathfinder Medical, a London, UK-based company developing an electronic guidance system to help connect blood vessels during endovascular surgery, raised £8.5M ($11.5M) co-led by the Business Growth Fund (BGF) and Parkwalk, with participation from Deepbridge Capital and others. <source>
Intellect, a Singapore-based mental health startup focused primarily on Asia-Pacific markets, raised a $10M led by HOF Capital, with participation from Headline, East Ventures, MS&AD Ventures, DG Daiwa Ventures, Pioneer Fund, and Insignia Ventures Partners. <source>
Earable, a Boulder, CO-based sleep-tracking startup, raised $6.6M led by Founders Fund, with participation from Smilegate Investment. <source>
BirchAI, a Seattle, WA-based AI platform for healthcare customer support, raised $3.1M led by Radical Ventures. <source>
Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Get all our free quarterly reports and sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.
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