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Mantra Health

Mental Health Tech
Segments:
Telepsychiatry/Teletherapy Platforms
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Product stage:
Growth
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Mantra Health provides an online telepsychiatry platform for users to connect with therapists and psychiatrists through a subscription plan. The company was co-founded by two venture capitalists, Edouard Gaussen and Matt Kennedy, as well as a Psychiatrist and Columbia Professor, Ravi Shah. The company’s main focus is on providing psychiatric care for anxiety, depression, and ADHD targeting university students. The company’s provider network comprises board-certified Psychiatrists and Psychiatric Nurse Practitioners. Mantra Health has formed partnerships to offer free mental health care to all students at Moravian College in Pennsylvania and Adrian College in Michigan.

The process starts with the patient going through a free online assessment, followed by a video consultation session with a psychiatrist. The psychiatrist then develops a personalized treatment plan for the patient, which can include medication, sleep therapy, and exercises. A coach will then regularly follow up on the treatment plan to monitor their progress over time. The value-added services include fast enrollment and access to care, unlimited 24/7 access to providers through text messaging to assess progress, and a live follow-up video session per month. The Psychiatric care and personalized treatment plan are offered at a subscription fee of USD 125 per month with support for insurance billing and student health plans. Mantra Health’s treatment options are currently available only for adults aged above 18 with services available in Florida, Pennsylvania, Michigan, and New York.

In November 2020, Mantra launched a managed care program, enabling colleges and universities to offer mental health services with continuity of care for students. Under the managed care program, Mantra Health will cooperate with on-campus health and counseling centers, allowing them to make referrals to psychiatrists and therapists affiliated with Mantra Health.

In March 2023, announced its “Whole Campus Care Service,” which provides college and university students access to teletherapy, telepsychiatry, and 24/7 emotional wellness services. The offering also provides the Dialectical Behavior Therapy (DBT) “Self-Guided Skills program,” which teaches skills such as mindfulness, distress tolerance, emotion regulation, and interpersonal effectiveness through self-guided content.

Key customers and partnerships

In March 2023, Mantra Health partnered with UK-based mental health platform provider Togetherall to incorporate a peer-to-peer support network on Mantra’s Whole Campus Care Service. Through the partnership, Mantra Health users gained access to an anonymous and moderated peer-to-peer support community, with options to receive more in-depth mental health services through the platform.

Funding and financials

In March 2023, the company raised a USD 5 million extension to its January 2022 Series A funding of USD 22 million . The round was led by VMG Partners, along with participation from other venture capital firms. The raised funds were set aside for research and development purposes, specifically developing mental health products for college and university students.

Mental Health Tech

Mental Health Tech

Key stats
Featured companies
189
Total funding (USD)
11.0 Bn
Total addressable market (USD)
94.3 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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Recent Updates

Product updates
Partnerships
Funding
Mar 27, 2023
Mantra Health raises USD 5 million in Series A extension; partners with Togetherall and launches new offering
Mental Health Tech
Funding
Jan 19, 2022
Mantra Health raises USD 22 million in Series A funding
Mental Health Tech

Company Brief


HQ location:
401 Park Ave S New York NY USA
Founded year:
2018
Employees:
11-50
Total Funding:
USD 34.2 million
Last Funding
USD 5.0 million, Mar 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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