What You Should Know:
- Empathy Health Technologies, the maker of the Sober Sidekick platform, has secured $7.6M in new growth funding, bringing its total to $11.4M.
- The investment will fuel the expansion of its value-based care partnerships with U.S. payers, leveraging its proprietary Empathy Algorithm to measure and prevent relapse in real-time.
- By analyzing behavioral signals, the platform achieves 86-88% accuracy in identifying individuals likely to experience
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Substance Use Disorders (SUD)
Bicycle Health Raises $16.5M to Scale Virtual Opioid Use Disorder Treatment
What You Should Know:
- Bicycle Health, the nation's largest provider of virtual opioid use disorder (OUD) treatment, today announced a $16.5 million funding round led by Questa Capital, with participation from all existing and new investor JSL Health.
- The investment comes on the heels of Bicycle Health achieving operating profitability in 2024, demonstrating the company's commitment to sustainable growth while addressing the ongoing opioid epidemic.
Addressing a Critical
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Eleos Secures $60M to Expand AI-Powered Behavioral Health Solutions and Tackle SUD Crisis
What You Should Know:
- Eleos Health, a pioneer in AI-driven solutions for behavioral health secures $60M in Series C funding round led by Greenfield Partners. The funding round includes participation from existing investors such as F-Prime Capital, Eight Roads, Menlo Ventures, and ION, as well as new investors like the Michael & Susan Dell Foundation, Union Tech Ventures, and Centerstone.
- The latest investment brings Eleos' total funding to over $120M and underscores the
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Magellan Health Launches First FDA-Approved Prescription Digital Therapeutic
Magellan Health has announced the launch of reSET therapy, a pilot initiative using the first-ever FDA cleared prescription digital therapeutic from PEAR Therapeutics to improve outcomes for individuals struggling with Substance Use Disorders (SUD) and other related conditions.With the current challenges in our nation related to substance use, the evidence-based, non-drug treatment option presented with this approach is an opportunity to offer a practical solution to meet these complex needs and
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