An avalanche of startups focused on mental health recently made enough noise as a group to get attention Capital city podcast team. Unfortunately, the segment we planned to discuss this topic was swept away by a OPI submission blizzard Which piles up like fresh snow
But in preparation I approached CB Insights for new data on the mental health startup space they were kind enough to provide. So this morning, we’re going to dig into it.
Regular readers of The Exchange will remember we lasted investigated a venture capital investment in general welfare in August
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He wanted to know what had happened even more recently.
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After all, Spring Health recently raised $ 76 million for its service that helps companies provide mental health benefits to their workers, Mantra Health release who raised $ 3.2 million to help solve mental health issues in college age and Joon Care announced new capital of $ 3.5 million to “grow its remote therapy service for adolescents and young adults ”. by GeekWire
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Following the theme, Headway just raised $ 32 million to create a platform that “helps people find and hire therapists who accept insurance for payments,” according to to our own reportand online therapy provider Talkspace continues a sale – It seems to be an active period in the field of mental health startups.
So, let’s take a look at the latest data and see if the signs we’re seeing really reflect more total investment in mental health startups, or if we’re over-indexing some news.
The state of risky investments in mental health
To set the stage, let’s talk about the general state of healthcare investing in the venture capital world. For Third quarter of CB Insights Sanitary VC report, Venture capital trading volume and venture capital dollar volume reached new all-time highs in the industry in the third quarter of 2020.
The 1,539 towers for the quarter and $ 21.8 billion in invested capital were comfortably ahead of previous records set in the second quarter of 2018 for tower volume (1,431) and the second quarter of 2020 for dollar volume ( $ 18.4 billion) for healthcare startups.