Y Combinator is a startup accelerator that invests in a large number of startups twice a year. It created a new model for funding startups. Twice a year, the company invests a small amount of money ($150k) in a large number of startups. The startup accelerator works intensively with the companies for three months, to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day when the startups present their companies to a carefully selected, invite-only audience.

Y Combinator

Goodwater empowers exceptional entrepreneurs everywhere to change the world for the better. They believe consumer technology is a force on earth, shaping culture and transforming the global economy at unprecedented speed and scale. They invest in promising entrepreneurs to solve pressing problems. As a combined force, Goodwater companies are a global force for change, poised to measurably improve billions of lives.

Goodwater Capital

Magic Fund is built on a thesis that smaller funds run by founders perform best in early-stage investing (pre-seed/seed). We're a fund of micro-funds run by repeat founders with strong expertise in specific industries and geographies.

MAGIC Fund

Asymmetry Ventures invests in scalable early-stage companies with exceptional defensibility.

Asymmetry Ventures

North South Ventures is a cross-border venture capital fund that invests in early stage med companies. We are co-located in academic med superclusters (Stanford/UCSF and University of Toronto).  As a team, we have invested in over 350 medical portfolio companies and 40+ FDA approvals in the biotech, med device, and digital health/AI spaces with $4B+ in cumulative funding and three multi billion dollar IPOs since 2012.

North South Ventures

K20 Fund offers flexible capital to various sectors through their diversified deployment strategy including debt, growth equity, PIPE.

K20 Fund

Emmeline Ventures is an early-stage fund that invests in tech-enabled and female-founded start-ups. The firm was founded in 2022 and is based in Los Angeles, CA.

Emmeline Ventures

VentureSouq (VSQ) is a MENA-based venture capital fund manager with a global portfolio. VSQ manages thematic funds, with a current focus on FinTech and ClimateTech.

VentureSouq

Established in 2016 and based in Silicon Valley, FoundersX is a deep-domain winner with investment focus on deep tech, enterprise AI and digital infrastructure. We outcompete with our deep-dive research capacity. We are an early investor in multiple tech unicorns with several home runs, and have over 20 high growth companies valued at over $100M. We have highly competitive deal flows and high hit rate. Our firm is featured on the WSJ and Business Insider as a pioneering tech VC.

FoundersX Ventures

Nurture Ventures provides venture assistance and strategic advice to entrepreneurs working on transforming industries.

Nurture Ventures

LunaJoy

LunaJoy helps women access mental care through virtual therapy, counseling, and medication management services. The company provides online women's holistic mental health counseling and therapy provided by licensed mental health counselors and therapists. It connects patients with medical providers who can virtually assess their needs and provide a variety of care options, such as holistic therapy, psychiatry, and mental health coaching, all over the phone or via video call. LunaJoy allows users receive one on one telemedicine sessions, wellness tools, and a holistic care plan that’s designed for them, as well as 24/7 access to the company's care navigation team.

LunaJoy is a mental healthcare platform that provides virtual therapy, counseling, and medication management services to women. The platform focuses on the needs of women at various phases of their lives, such as puberty, pregnancy, menopause, and everything in between.

New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

LunaJoy, Ollie Hinkle Partner on Holistic Mental Health Services for Heart Patients -

LunaJoy is a mental healthcare platform that provides virtual therapy, counseling, and medication management services to women. The platform focuses on the needs of women at various phases of their lives, such as puberty, pregnancy, menopause, and everything in between. Lunajoy matches patients with medical experts who can virtually assess their requirements and give a variety of care alternatives, including holistic therapy, psychiatry, and mental health coaching, all via voice or video conference. The company operates a direct sales model, charging a fee per session. Key customers and partnershipsLunaJoy is licensed in 17 states and has insurance relationships with Cigna Healthcare, Aetna, Humana, and Magellan. Its partners also include Coralai, CareSource, Sunshine Health, Perinatal Psych, Unified Premier Women's Care (UPWC), and Origin. Funding and financialsIn December 2022, LunaJoy raised USD 2.4 million in a seed round. The funds were to be used to expand the company’s user base and geographic coverage.

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 Boulder Care is a telepsychiatry platform that connects patients who are opioid-addicted users to addiction specialists, care coordinators, and peer coaches. Patients can get personalized plans via video and text messaging and the app is intended to be used in conjunction with prescription medicines and lab tests.
 
 
 Funding and financials
 
 
 In June 2022, the company raised USD 36 million in a Series B funding round. The funds were earmarked to triple the size of the company’s medical care team, expand its geographical footprint, and increase its value-based care treatment options through partnerships with health plans.
 
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Boulder Care

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 7 Cups provides an emotional-support platform with a network of volunteer listeners. Users can anonymously access either one-on-one chats or group chats 24/7, free of charge for issues such as depression, anxiety, relationships and those related to the LGBTQ+ community. It also teaches users skills such as meditation to improve their lives. If users want additional support, the company also provides access to an online therapy platform with a network of 180 licensed therapists for a subscription plan of USD 150 per month. 7 Cups is available for users above 13 years of age (users between 13 and 17 years old engage with listeners who are specifically trained in teenage interactions).
 
 
 Volunteer peer listeners get free training and support as well as flexible scheduling. Once a user requests a chat, it will be directed to available listeners and if the user requests a specific listener, he will be connected as soon as the listener accepts the demand. The service is anonymous and the listener has no access to the details of the user unless the information is disclosed to the listener by the user in their conversations. As of January 2022, 7 Cups has facilitated more than 51 million conversations, served 25 million individuals, and had 300,000 trained listeners. The listeners serve in 180 countries in 140 languages.
 
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7 Cups

wayForward provides technology-supported behavioral health and emotional wellness services for employers planning to make services available to their employees. It uses a screening procedure designed by neuropsychologists to triage and help employee members get clinically relevant mental healthcare. The company provides a self-guided app, text-based coaching, video visits, telepsychiatry, and if required, in-person visits or an on-site counselor. wayForward leverages its evidence-based approach and artificial intelligence in delivering its services and claims that it has been able to reduce anxiety symptoms by 48% and depression symptoms by 59%.The company raised USD 2 million in a seed round in June 2020, which brought total funding to USD 4.5 million. DarioHealth, a chronic disease management platform based in Israel, signed a definitive agreement to acquire 100% of wayForward in May 2021 for a total consideration of USD 30 million. As of May 2021, the wayForward had approximately 20,000 members and was available in North America, Australia, and Europe.

wayForward

Coa is a mental health company that conducts online classes led by licensed therapists for mental health users. The classes focus on conditions such as stress, anxiety, confidence and relationships. The company raised USD 3 million in a seed round in October 2020 from investors led by Crosslink Capital.

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 Meru Health is an online platform that connects patients experiencing stress, depression, anxiety, burnout, and other mental health issues to licensed therapists. The company was founded by Kristian Ranta in 2016 after his older brother died from suicide after battling depression. The platform offers a 12-week program and personalized text-based coaching services and virtual workshops. Meru also provides access to progress reports and anonymous peer support groups as well as sleep, nutrition, and mindfulness advice on top of vital tracking information—such as heart rate data.
 
 
 The company reported a 10x YoY growth in its customer base in 2020 and plans to serve 10 million users by 2027. The company also achieved 8x YoY growth in revenue in 2020 amid an increase in demand in mental health services brought about by the Covid-19 pandemic.
 
 
 Key customers and partnerships
 
 
 In September 2022, Meru Health and clinical trial platform Curebase 
 <a href="https://sp-edge.com/updates/13230">
 announced a partnership
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 to carry out a three-year clinical trial to measure the effectiveness of Meru Health’s 12-week digital depression treatment targeting primary care patients. The study was funded by the National Institutes of Health’s Small Business Innovation Research program. 
 
 
 
 
 
 Fundings and financials
 
 
 In May 2022, the company secured a USD 2 million grant from the National Institute of Mental Health to measure the effectiveness of its 12-week program for treating primary care patients. The study will follow 300 patients across the US with symptoms of major depression for a period of three years.
 
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Meru Health

Online peer-to-peer platform and support system that connects mental health communities.

Mobile-based apps and FDA-approved software that incorporate evidenced-based cognitive behavioral therapy to prevent, treat, or manage mental and behavioral conditions in conjunction with or as a replacement for traditional medication.

Products for behavioral health and mental health tracking, measurement-based care, and real-time remote monitoring of patients.

Subscription or membership-based platforms and apps to connect therapists, psychiatrists or behavioral health coaches with patients.

Offers virtual offerings for mental health consultations

Mental healthcare services offer personalized care tailored to a user's needs and treatment progression

There are mental health providers offering services specifically to help LGBTQ+ or BIPOC individuals

Several mental health technology providers offer therapy services rendered by AI/ML technology

PROMINENT_CATEGORY

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 LunaJoy Health has secured USD 4.2 million in a seed funding round. The investment round saw participation from Y Combinator, FoundersX Fund, and Goodwater Capital.
 The raised capital is expected to be used for launching LunaCare, a maternal mental health program by LunaJoy Health. The plan is to introduce this program across various communities and expand geographically. The fund will also be utilized in integrating advanced technology solutions to enhance patient care.
 LunaJoy, based in Florida, is in partnership with over 15 insurance payers and operates in over 12 states in the US. The company's main focus is to address the disparities in women's mental healthcare, especially in underprivileged areas. This is achieved by providing a care model facilitated by technology. The ultimate goal is to incorporate mental healthcare effortlessly into regular primary care.
 
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LunaJoy

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