What You Should Know: Headspace, a digital healthcare company focused on mental health announced it has closed $105M in senior debt facility from Oxford Finance, a specialty finance firm providing senior debt to healthcare and life sciences companies worldwide.Proceeds from the financing will be used to further support the expansion of Headspace's innovative mental health platform. Additionally, the investment will enable Headspace to be opportunistic in investing in areas where it sees
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Mental Health Apps
Headspace Health Acquires BIPOC Mental Health App, Shine
What You Should Know: - Today, Headspace Health, the world's most comprehensive digital mental health provider, today announced its acquisition of the Shine app, a mental health and wellness platform dedicated to providing a more representative and inclusive mental health experience for the BIPOC community. - Founded in 2016, the Shine app serves over 45,000 paid subscribers and has reached over six million people by offering self-guided content – including daily meditations,
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Wysa Secures $20M for AI-Powered Mental Health Chatbot
What You Should Know: - Wysa, a Boston, MA-based AI digital platform for mental health, today announces it has secured $20M in financing led by HealthQuad, who along with British International Investment (BII), the UK’s development finance institution, joins earlier investors W Health Ventures, Kae Capital, Google Assistant Investments, and pi Ventures amongst others. - Funds will enable access to clinically evidenced digital therapeutics (DTx) in the US, UK, India and other global
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Sharecare Launches Evidence-Based Mental Wellness App
What You Should Know: – Sharecare, today announced the launch of Unwinding by Sharecare, a broad-based mental well-being app designed to help people better understand how their minds work, reduce their stress, and build healthier habits. Like a virtual quick-start guide for the mind, the solution empowers people to stay grounded at the moment through evidence-based mindfulness techniques, enabling them to unwind unwanted behaviors that both result from and often exacerbate stress. - Based
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Ginger and Headspace Merge to Form Headspace Health to Support Mental Health
What You Should Know: -Headspace, a global leader in mindfulness and meditation, and Ginger, a leader in on-demand mental healthcare, today announced they have entered into a definitive agreement to merge. - The combined entity, Headspace Health, will provide the full spectrum of proven, effective virtual support - from mindfulness and meditation to text-based behavioral health coaching, to video-based therapy and psychiatry - for all types of patient populations (consumers, employees,
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K Health Acquires Mental Health App Trusst for On-Demand Text-Based Therapy
What You Should Know: - KHealth, a data-driven virtual primary care platform providing affordable, personalized healthcare to millions of adults and children, today announced its acquisition of Trusst, the mental health app connecting people and providers for on-demand text-based therapy. Financial terms of deal were not disclosed. - Trusst has built a proprietary, simulated way for users to have virtual conversations with national experts on topics ranging from shyness to trauma. The
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TRIPP Secures $11M to Expand Digital Psychedelic Wellness Platform for Mental Health
What You Should Know: - TRIPP, a Los Angeles-based digital psychedelic platform, announced it has raised $11M in funding led by Vine Ventures, and Mayfield with equal participation from Integrated. TRIPP’s Series A also includes particpation from AlphaBridge Ventures, Beni VC, Berkeley Club, CJ Group, CTR Capital, Evolution, Robert Goldberg, Tony Greenberg, Grit VC, Incisive Ventures, Inflect Health, Iter Investments, Joanna Popper, Jim Dew, Joe Polish, JLS Fund, Lionheart Ventures,
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Modern Health Raises $74M Reaching $1.17B Valuation for Mental Health & Wellness Platform
What You Should Know: - Modern Health raises an additional $74M in Series D funding, now valuing the company at $1.17 billion. - Modern Health’s comprehensive mental health and wellness platform combines the WHO well-being assessment, self-service wellness kits, a global network of certified coaches, and licensed therapists available in 35 languages all available in a single app. Modern Health, the mental health and wellness platform supporting 220+ enterprises globally, today
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Cerner, Banner Health, Xealth Partner to Simplify How Clinicians Prescribe Digital Health
What You Should Know: - Cerner Corporation today announced with Xealth new centralized digital ordering and monitoring for health systems, starting with Banner Health, to foster digital innovation. - Health systems can prescribe digital therapeutics, smartphones, and internet apps directly within the EHR to address areas such as chronic disease management, behavioral health, maternity care, and surgery prep. Cerner, today announced it’s building on the recent collaboration with
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Ginger Lands $50M to Expand On-Demand Mental Health Support Platform
What You Should Know: - Ginger announces $50 Million in Series D funding to expand access to its on-demand mental healthcare system led by Advance Venture Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing investors. - Company has more than tripled revenue over the past year, now brings access to on-demand mental healthcare to millions around the world through 200+ employer clients and leading health plans. Ginger, a San Francisco, CA-based provider of
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