In the first three quarters, mental health startups have raised $1.7 billion, compared to $4.8 billion last year. However, through three quarters mental health startups have already beat 2019 funding, which hit $1.08 billion.
Alma, a mental health provider support toolkit, was one of two digital healthcare megadeals in the third quarter, raising $130 million. The report also noted digital mental health startups drive investment activity in the therapeutic arena.
Overall, digital health funding slowed this year with companies raising just $12.6 billion in 458 deals this year to date. Last year, digital health companies raised more than $29 billion in 736 deals.
At the Becker's Fall Behavioral Health Summit, taking place November 4–5 in Chicago, behavioral health leaders and executives will explore strategies for expanding access to care, integrating services, addressing workforce challenges and leveraging innovation to improve outcomes across the behavioral health continuum. Apply for complimentary registration now.
