Regroup Therapy, a telehealth startup providing virtual mental health visits to treat depression and other issues, announced it has raised $1.5 million in seed funding led by Hyde Park Angels. The funding also included participation from OCA Ventures, Impact Engine, New Stack Ventures, Harvard Business School Alumni Angels of Chicago and MD Angels. Grubhub co-founder Mike Evans and Lou Malnati’s Pizzeria president Mark Agnew also invested in the seed round.
Founded in 2011, the Chicago-based startup hopes to eliminate mental health provider shortage by connecting psychiatrists, social workers and mental health professionals to patients via a HIPAA compliant telehealth platform. The company already has a network of more than 2,000 mental health professionals utilizing its platform including Sinai Health System, Metropolitan Family Services, KAM Alliance, Oak Street Health and OSF.