- Startups want to change how mental-health care is provided.
- Companies like Lyra and Spring Health have raised hundreds of millions of dollars from VCs.
- The 10 startups on this list have raised a collective $2.7 billion in recent years.
Startups have raised hundreds of millions of dollars in recent years to change how mental-health care is provided.
While some companies partner with employers to offer mental-health-related benefits, others focus on providing therapists with tools to set up and run their own practices. Consumer-focused startups, meanwhile, onboard practitioners so they can connect with new patients directly, whether virtually or in person.
In 2021, venture-capital firms deployed $3.7 billion into mental-health startups across 342 deals, more than double what they’d invested the year prior, according to PitchBook. Funding slumped in 2022, when companies garnered about $2.6 billion. So far in 2023, mental-health startups have raised $300 million from VCs.
Insider looked at PitchBook funding data from 2018 to 2023 to identify the mental-health care companies that have raised the most funding. We reached out to each company to confirm funding information and other details.
Collectively, the 10 startups on this list have raised $2.7 billion since their inception.
Here are the 10 startups that have raised the most money to change mental-health care, listed by amount raised:
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