Handspring is building a vertically-integrated behavioral health center that will offer virtual and in-person care, the report said.
“We are living through a pandemic of mental and behavioral health disorders among children and adolescents. Today, 1 in 5 children in the U.S. have a diagnosable mental health disorder,” CEO and co-founder Sahil Choudry said. “The healthcare system is failing our children, as systemic barriers have made it impossible for families to find care that’s accessible. When looking for care, families often face unaffordable rates that are not covered by insurance or waitlists that are several months long.”
The funding round was co-led by Newark Venture Partners and NextView Ventures, the report said.