Investing in the future

Supporting youth mental health is a national priority. While there’s a complex relationship between young people and technology, digital health can connect them to affordable and personalized mental support in ways that match how they already communicate. Investors are excited about tech-enabled care models that increase access to mental healthcare for younger populations. Last week, teen mental health app BeMe Health closed on $12.5M, joining startups like InStride Health and Backpack Healthcare that raised earlier this year. Momentum is building: in 2018, venture rounds by digital health startups addressing youth mental health made up 15% of investment dollars in digital behavioral health—by 2023 they made up 34 percent.

RockHealth.org launched the Digital Youth Mental Health Initiative to help healthcare builders, investors, and partners understand where digital innovation in youth mental health is today, and where there are opportunities moving forward. Read our latest blog for an overview and the full report to dive into the digital youth mental health startup landscape, complete with analyses on solution types, care models, and go-to-market strategies. The lessons learned by today’s startup class

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Headlines

Rock Health Adds Pam Kostka To Board Of Directors
Welcoming the seasoned investor, executive, and founding CEO of All Raise to our team Rock Health

Optum Ventures To Merge Truepill And LetsGetChecked
Optum Ventures could be the lead investor and majority owner of the combined entity Axios

Digital Therapeutics Pioneer Pear’s Treatments Get A Second Life
PursueCare applies Pear’s apps to existing care models, not as standalone products STAT

Walgreens Lands $100M U.S. Clinical Trials Partnership
Partnership pushes forward trial decentralization and diversity, plus pandemic preparedness Forbes

Epic Touts New AI Applications At User Group Meeting
EHR’s GenAI features, like message drafting and ambient voice tech, are gaining traction Fierce Healthcare

Recent Funding

  • Openwater raises $100M for its infrared and ultrasound diagnostic and treatment devices
  • Human Longevity picks up $39.8M for its genomics-based health optimization services
  • Slingshot AI inks $30M to train and develop AI models for psychology
  • Health advocacy and care coordination startup Solace nabs $14M
  • Mindset Care lands $13M to help patients with mental illness access social security benefits
  • Teen-focused youth mental health app BeMe Health brings home $12.5M
  • Clarium secures $10.5M for its AI-powered hospital supply chain and workflow solution