HealthX Ventures is a digital healthcare-focused seed fund. They invest in innovative companies making healthcare safer, efficient, and affordable by delivering easy-to-use, cost-effective, and scalable solutions to the market.

HealthX Ventures

LRVHealth is the “Inside Healthcare” venture capital platform. LRVHealth’s investors include leading provider, payer, and vendor organizations, comprising a network that touches one in three healthcare consumers across the U.S. Together, this network collaborates to identify, invest in, and adopt innovative solutions to the industry’s most pressing needs. Founded in 2000 by an experienced team of healthcare investors, operators, and advisors, the LRVHealth team provides early stage capital, operating experience, and industry insights to build the next generation of great healthcare companies.

LRVHealth

New Capital Partners is an Alabama-based private equity firm that manages private equity and economic development funds.

New Capital Partners

OSF Ventures invests financially and operationally in opportunities that will improve patient outcomes, enhance patient experience and reduce the cost of health care. They believe in not only investing financially, but also strategically through comprehensive collaboration.  OSF Ventures employs the principles of humble curiosity and considered risk to create conditions conducive to exploring new thinking, challenging conventions and championing better, more compassionate care for all.  OSF Ventures is a member of the OSF HealthCare family, located in Illinois and Michigan. OSF HealthCare was founded to continue the healing Ministry of Jesus Christ. ''Embracing God’s great gift of life, we are one OSF Ministry transforming health care to improve the lives of those we serve.''

OSF Ventures

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading independent alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit, growth private equity and distressed municipal opportunities. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. Kayne manages approximately $28 billion in assets (as of 5/31/2014) for institutional investors, family offices, high net worth and retail clients and employs nearly 250 professionals in eight offices across the United States.

Kayne Anderson Capital Advisors

Huddle Up

DotCom Therapy specializes in providing speech therapy, occupational therapy, and mental health services via computer, tablet, or smartphone. They hand-match students, patients, and clients with our therapists who provide the highest quality therapy in a live, online, face-to-face setting. It offers speech, occupational and mental health therapy, educational audiology, case management, and literacy services.   The company was founded in 2015 and is based in Madison, Wisconsin, United States.

<div><p>DotCom therapy provides online speech therapy, counseling, school psychology, and occupational therapy to children with mental and behavioral health disorders. The platform connects kids with therapists for virtual video consultations. The startup had collaborated with more than 250 schools across 35 US states with its 200 therapist network as of August 2021. </p></div>

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

Mental Health Tech

DotCom Therapy

<div>
  <p>
    DotCom therapy provides online speech therapy, counseling, school psychology, and occupational therapy to children with mental and behavioral health disorders. The platform connects kids with therapists for virtual video consultations. The startup had collaborated with more than 250 schools across 35 US states with its 200 therapist network as of August 2021. 
  </p>
  <p>
    In June 2022, the company announced its a
    <a href="https://sp-edge.com/updates/11333">
      cquisition of Wolf+Friends
    </a>
    , a community platform for parents raising children with special needs. The acquisition marks the first transaction for DotCom therapy. Wolf+Friends will operate as an independent brand under DotCom Therapy and its platform was relaunched to include new features such as support groups led by mental health professionals partnered with DotCom Therapy, educational content, and expert questions and answer forums.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    In September 2021, DotCom raised USD 13 million in a Series A funding round to enhance its offerings and expand partnership networks beyond school districts. The company also plans to grow its program for families, Zesh, as well as to increase its geographical footprint across all 50 US states by January 2022.
  </p>
  <p>
  </p>
</div>


<div>
  <p>
    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.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    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.
  </p>
</div>


Boulder Care

<div>
  <p>
    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).
  </p>
  <p>
    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.
  </p>
</div>


7 Cups

<div>
  <p>
    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%.
  </p>
  <p>
    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. 
  </p>
  <p>
  </p>
</div>


wayForward

<div>
  <p>
    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.
  </p>
</div>


<div>
  <p>
    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.
  </p>
  <p>
    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.
  </p>
  <p>
    <b>Key customers and partnerships</b>
  </p>
  <p>
    In September 2022, Meru Health and clinical trial platform Curebase 
    <a href="https://sp-edge.com/updates/13230">
      announced a partnership
    </a>
     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. 
  </p>
  <p>
    <b></b>
  </p>
  <p>
    <b>Fundings and financials</b>
  </p>
  <p>
    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.
  </p>
</div>


Meru Health

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

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

DotCom Therapy

Mental Health Tech

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Recent Updates

DotCom Therapy launches new Wolf+Friends app post-acquisition

DotCom Therapy acquires Wolf+Friends parental support app

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