Oak HC/FT is a venture and growth equity investment firm that focuses on healthcare information services and financial service technology.   The firm focuses on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation, and access to our extensive network of industry leaders. Oak HC/FT partners are peerless in delivering returns for investors and growing innovative businesses. Over the past decade, the partners at Oak HC/FT have had 20 realizations with 6 companies achieving valuations in excess of $1 billion. Oak HC/FT is led by the Healthcare and FinTech team of Oak Investment Partners as part of Oak’s strategy to develop sector-specific funds and continue its legacy of building best-in-class businesses.

Oak HC/FT

Threshold is an early-stage venture capital firm that focuses on a high-conviction investment strategy. The firm partners with entrepreneurs to build innovative consumer, enterprise, and healthcare technology companies.

Threshold

City Light is a venture capital firm that invests early in impactful companies. They partner with experienced teams building category-defining solutions in the areas of education, safety and care, and the environment - where more revenue equals better lives at scale, every time. As one of the earliest and most successful impacts investing firms, City Light has a track record of identifying and scaling impact in ways that build better companies.  The firm was founded in 2004 and is based in New York, New York. Some of its key portfolio investments are 2U (Nasdaq: TWOU), ShotSpotter (Nasdaq: SSTI), Trilogy Education, and Ready Responders.

City Light Capital

Rock Health Capital is a full-service seed fund that invests in and supports startups working in digital health. The company invests in entrepreneurs working at the intersection of healthcare and technology. Rock Health Capital is a digital health-focused investment firm.

Rock Health Capital

Blue Shield of California is a non-profit organization that offers plans, comprehensive benefits, and access to various doctor networks in the United State. The organization complies with applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, or gender. Blue Shield of California was founded in 1939 by Natalie Cann.  It is headquartered in San Francisco, California.

Blue Shield of California

Boston Children's Hospital provides pediatric health care services. The hospital provides surgical, radiological examination, and clinical and cancer research services. Additionally, it offers diabetes, endocrinology, gastroenterology, urology, neonatology, orthopedics, and pulmonology healthcare services. The hospital also provides community service programs and postdoctoral training services. Boston Children's Hospital was founded in 1869 and is based in Boston, Massachusetts. Boston Children's Hospital operates as a subsidiary of Children's Medical Center Corporation.

Boston Children's Hospital

Blue Cross Blue Shield of Massachusetts, they work hard to make sure that their nearly three million members have access to the high-quality, affordable health care they expect and deserve. For more than 75 years, their company has focused on making their vision a reality for the individuals, families, and businesses they serve.They are a community-focused, tax-paying, not-for-profit health plan headquartered in Boston, that is committed to working with others in a spirit of shared responsibility to make quality health care affordable. Consistent with their corporate promise to always put their members first, they are rated among the nation's best health plans for member satisfaction and quality.

Blue Cross Blue Shield of Massachusetts

SemperVirens is an early-stage ecosystem fund investing in workforce technology, healthcare technology, and financial technology companies looking to solve employer needs. Its team members bring deep industry experience, relationships, and insights.

SemperVirens Venture Capital

Google Ventures invests in sectors including life sciences, consumer, enterprise, crypto, climate, and frontier technology. With Alphabet as its sole limited partner, Google Ventures focuses on long-term investments. Its operating partners assist startups in design, equity, diversity & inclusion, talent, and engineering and help them connect with Google for technology and expertise. Founded in 2009 as Google Ventures, Google Ventures manages over $8 billion in assets with 400 active portfolio companies in North America and Europe. Some notable investments include Uber, Nest, Slack, GitLab, and One Medical. Google Ventures is based in the San Francisco Bay Area with offices in Cambridge, New York, and London.

Google Ventures

The 7wire Ventures’ vision is to use the power of mobility, connected devices, the cloud, and sophisticated analytics to further advance industries like healthcare and education. We like to make a difference in things that matter.  The firm was founded on the concept of disrupting the status quo—supporting new ideas, technologies, approaches, and business models for solving society’s most important problems.  7wire Ventures provides funding and operating guidance to companies that challenge the “way things are done.” Through the creation of new businesses, investments in early and growth stage companies, and by complementing funds with insight and experience, we have a track record of transforming great ideas into world-class companies.

7wire Ventures

Gaingels is a venture investment syndicate in service of the LGBT+ community and its allies, investing in companies with LGBT+ founders and C-suite leaders at all stages of growth, as well as in more established companies resolved on building more inclusive teams, with a global portfolio of 130+ companies and $70M in deployed investment capital to date.  The Gaingels network also actively supports its portfolio in identifying and recruiting diverse talent to their C-suite and board leadership teams and fosters a vibrant global community of industry leaders, investors, operators, and entrepreneurs who share a common goal for positive social change through business and successful investments.

Gaingels

Optum Ventures provides capital and strategic guidance to startup companies solving health care's pressing challenges. It is the venture capital investment arm of Optum that invests in digital health companies that use data and insights to help improve consumers' access to health care services and how care is delivered and paid for, and that makes the health care system more reliable and easier to navigate.

Optum Ventures

Kohlberg Kravis Roberts is an investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. The company generates investment returns for its fund investors through a patient and disciplined investment approach, employing people, and driving growth and value creation.

Kohlberg Kravis Roberts

Northwell Health is a health care provider that provides service and compassionate care that is focused on the patient and the customer. It has 23 hospitals, about 750 outpatient facilities, and more than 13,600 affiliated physicians. It serves communities by improving health and quality of life—all with a simple, continuous goal: to be better tomorrow than they are today.  It was founded in 1997 and is headquartered in New Hyde Park, New York.

Northwell Health

Brightline

Brightline is a technology-enabled behavioral health home for children and their families. Brightline delivers integrated care through innovative technology, virtual behavioral health services, and a collaborative care team focused on supporting children across developmental stages and their families. The company was founded in 2019 and is based in Palo Alto, California.

Brightline offers behavioral health solutions for children, teenagers, and their families. The services provided on its digital platform include self-guided content, virtual consultations, behavior therapy, psychiatry evaluations, medication support, and speech-language therapy. Brightline covers treatment for behavioral conditions such as anxiety, depression, ADHD, and disruptive behavior. In April 2022, the company <a href="https://sp-edge.com/updates/9742">launched its virtual solution for autism care </a>designed to assist parents and caregivers with children aged 18 months to 6 years old who are at-risk or diagnosed with autism spectrum disorder.

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

Mental Health Tech

Brightline loses $493 million so far in 2024

Teladoc Health

To provide comprehensive mental healthcare for children, adolescents, and their families, addressing the critical gaps in pediatric care and enabling seamless transition to Teladoc Health's broader ecosystem of care.

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

Evernorth

To provide Evernorth employer members with access to virtual behavioral care for children, teenagers, and their families, covering a range of services across all 50 states.

Castlight Health

Castlight added the Brightline's offerings to its platform enabling customers to utilize the company's services

Managing employee health-related benefits

Health Benefits Platforms

Enterprise platforms that help employees better navigate their healthcare journey by identifying which healthcare services are covered under their benefits plan and how to best maximize their use (e.g. identifying a wider pool of suitable regional physicians for consultation)

Brightline offers behavioral health solutions for children, teenagers, and their families. The services provided on its digital platform include self-guided content, virtual consultations, behavior therapy, psychiatry evaluations, medication support, and speech-language therapy. Brightline covers treatment for behavioral conditions such as anxiety, depression, ADHD, and disruptive behavior. In April 2022, the company <a href="https://sp-edge.com/updates/9742">launched its virtual solution for autism care </a>designed to assist parents and caregivers with children aged 18 months to 6 years old who are at-risk or diagnosed with autism spectrum disorder.Key customers and partnershipsThe company operates a B2B2C business model, partnering with insurance providers such as Blue Shield of California, Blue Cross Blue Shield Massachusetts, and ComPsych. The company’s services were available to over 12 million covered lives via partnerships with health plans as of September 2024. Also in March 2022, Brightline had 10,000 families using its coaching service across 44 states and employees in 33 companies.In March 2023, the company <a href="https://sp-edge.com/updates/16768">partnered with Evernorth</a>, a subsidiary of Cigna Group, to provide Evernorth employer members with access to virtual behavioral care for children, teenagers, and their families. The services were made available across all 50 states and included services such as therapist-led and psychiatrist-led care, one-on-one coaching, interactive exercises, and educational content.&nbsp;Furthermore, in October 2023, Brightline partnered with the California Department of Healthcare Services to launch BrightLife Kids, a program providing free virtual behavioral healthcare. Also, in July 2024, Brightline partnered with Teladoc Health to offer Brightline's mental healthcare services for children, adolescents, and their families through Teladoc's virtual "front door."

Boulder Care is a telehealth provider that offers virtual addiction treatment for substance use disorders, primarily focusing on opioid and alcohol use disorders. The company provides medical care, medication management, peer recovery coaching, and case management services through a mobile app, allowing patients to connect with a multidisciplinary care team, including physicians, nurse practitioners, peer recovery specialists, and social services support. Boulder Care's treatment approach includes medication-assisted treatment (MAT), prescribing medications such as buprenorphine-naloxone (Suboxone) for opioid use disorder and naltrexone, acamprosate, and others for alcohol use disorder. The company also delivers naloxone doses to patients to help reverse opioid overdoses.The company has implemented value-based payment arrangements with insurers, tying its financial success to patient outcomes. As of May 2024, Boulder Care had served over 12,000 patients across multiple states, with a concentration in Washington, Oregon, and Ohio. The company reports retention rates of 70%–80% of patients remaining in treatment after six months, significantly above the national average. Boulder Care had also expanded its services to include treatment for adolescents as of January 2024.Key customers and partnershipsBoulder Care has established partnerships with numerous health plans and employers to provide access to its services, including Elevance Health, UnitedHealth Community Plan, and Centene.

Boulder Care

<div>
 
 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.
 
</div>

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.

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. The program utilizes a wearable device that monitors heart rate variability and provides real-time feedback, allowing patients to visualize the connection between their mental and physical health.In March 2024, Meru Health introduced a 100% fees-at-risk pricing model for healthcare payers and employers, guaranteeing outcomes, access, and engagement. This value-based care approach aims to incentivize enrollment, quality care delivery, cost management, and medical cost savings.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 partnershipsMeru Health partners with major health insurance providers, including Humana, Aetna, and Moda Health. In January 2022, the company joined Evernorth's national behavioral health provider network, making its services available to Cigna health plan customers accessing benefits through their employer or individual and family plans.Meru Health also works with employer groups to provide mental healthcare for employees. 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.

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.

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

Brightline

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