Goldcrest is a venture capital fund that invests in private technology companies. The firm was founded in 2016 and is headquartered in Dallas, Texas, USA.

Goldcrest Capital

Maveron is a consumer-only venture capital firm. Founded in 1998 by Dan Levitan and Howard Schultz, the firm has offices in San Francisco and Seattle. Maveron investments include Zulily, Allbirds, Common, August Home, eBay, Capella Education, General Assembly, and Trupanion. Maveron's name was coined from the words ''maverick'' and ''vision.'' Maveron funds seed and Series A companies that empower consumers to live on their terms. Based in SF and Seattle and invest coast-to-coast. Maveron has adopted the Diversity Term Sheet Rider.

Maveron

Amplo is a global venture capital firm helping build companies that matter. It specializes in the fields of financial services, venture capital and financial exchanges. Amplo was founded in 2017 and headquartered in Spring, Texas.

Amplo

Goldcrest Investments, L.P. manages investments across a host of asset classes, including hedge funds, venture funds, fixed income, and direct investments in companies. Only a select number of potential investments make it through our extensive due diligence process.    Goldcrest Investments will, at times, allow a limited number of partners to invest their capital side-by-side with Goldcrest.  For example, Goldcrest Investments FB, Ltd. is a partnership we formed with other investors to purchase shares of a privately-held company.

Goldcrest Investments

Fifth Down primarily invests in early and growth stage companies within the technology and consumer sectors.

Fifth Down Capital

What If Ventures invests in stigmatized verticals within the healthcare market. For too long, stigma has artificially suppressed demand for care in indications such as mental health, fertility, and many others.  Societal changes are creating markets where stigma once stood in the way of people getting the care they need. The firm was founded in 2019 by Stephen Hays, after his own personal struggles with mental health and addiction fueled his desire to see more funding for solutions in that space.  Since then, the firm has broadened its aperture and has deployed nearly $80mm into more than 60 disruptive healthcare startups.

What If Ventures

Two Chairs

Two Chairs delivers the nation's best therapy at scale. Founded in 2017, the company's mission is to build a world where we all have access to exceptional mental health care. Their unique approach begins with an in-depth, research-backed process where a licensed Two Chairs clinician matches patients with their ideal therapist. Two Chairs then uses their industry-leading system for measurement-based care to help patients get better, faster. Two Chairs is the employer of choice for over 500 licensed therapists across 90 areas of expertise and has more than 20 million covered lives. The company has earned a number of awards, including 2024 Great Place To Work and San Francisco Business Times Best Places To Work.

<div>California-based behavioral health company Two Chairs focuses on pairing therapists and clients through a proprietary matching algorithm. The company claims that 98% of its clients find the right therapist on the first attempt through its platform.&nbsp;</div>

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

Mental Health Tech

Two Chairs Secures $72M in Equity and Debt to Expand Its Unique Matching, Measurement-Based Care

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 California-based behavioral health company Two Chairs focuses on pairing therapists and clients through a proprietary matching algorithm. The company claims that 98% of its clients find the right therapist on the first attempt through its platform.&nbsp;
 
 
 Two Chairs offers hybrid care, blending virtual and in-person sessions to accommodate clients near their clinics in the Bay Area, Los Angeles, Seattle, and Miami who prefer face-to-face interactions. The hybrid approach aims to ensure every Two Chairs client can access the most suitable therapist and therapy environment, whether that's from the comfort of home or at one of the clinics.
 
 
 Funding and financials
 
 
 In April 2024, Two Chairs secured USD 72 million in a series C financing round led by Amplo and Fifth Down Capital. The company expected to use the funds to hire more therapists, expand into new states, and enhance its technology to better serve its clients.
 
 
 
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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
 </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. 
 
 
 
 
 
 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

<div>
 
 Two Chairs, a behavioral health company based in California, has received USD 72 million in a series C funding round. The round was led by Amplo and Fifth Down Capital, raising the total funding of the company to USD 102 million.
 The fund will be utilized to employ more therapists, expand the business to new states, and improve its technology to serve its clients effectively.
 Two Chairs specializes in matching therapists and clients through a unique matching algorithm. The company states that 98% of its clients find the appropriate therapist through its platform on the first try. Presently, the company operates in California, Florida, and Washington.
 
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Two Chairs

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