Breshly News

Handspring, which provides digital psychological well being for youth and their households, introduced it scored $12 million in Sequence 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 give attention to skills-based cognitive behavioral remedy. 

Handspring’s choices embody entry to totally employed, skilled 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 accessible 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 vital as a result of it helps us proceed to construct a system that actually cares in regards to the long-term well-being of each little one and household we serve.”

MARKET SNAPSHOT

In 2022, Handspring, often known 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. youngsters and adolescents obtain outpatient psychological healthcare via video visits, in keeping with a examine printed in The American Journal of Psychiatry.

There was a notable growth of digital telehealth-based psychological healthcare through the COVID-19 pandemic, and the examine states that is prone to be a permanent function of outpatient care supply for youngsters and adolescents. 

One other group providing pediatric psychological well being providers is digital care firm Teladoc, which final yr introduced a partnership with pediatric digital behavioral well being firm Brightline to increase psychological healthcare choices for youngsters, adolescents and their households via Teladoc’s platform.

Brightline provides youngsters and their households digital behavioral well being providers and works with employers and main insurers to offer teaching and remedy providers.  

By way of the partnership, members below 18 years of age and their caregivers can have entry to Brightline’s psychological healthcare options for a variety of situations via Teladoc’s platform.