3 startups nab $56M: What to know

Mental health startups OptionsMD, Valera Health and Floreo collectively raised $56.8 million via funding rounds recently.

Here's a breakdown of the funds raised by the companies.

  1. Floreo, a virtual reality therapy provider for patients with autism, landed $10 million in a series A funding round Oct. 28 led by The Disability Opportunity Fund and Tenfore Holdings, financial data company Crunchbase reported. This funding round brings the startup's total money raised to $12.1 million.

 

  1. Valera Health, a virtual mental health provider focused on treating acute patients, raised $44.5 million in growth equity in a round led by Heritage Group, the capital arm of local Blue Cross and Blue Shield companies and hospital systems, the company said Oct. 31. The company plans to use the funds to make its services more accessible and form partnerships with health systems nationwide. 

 

  1. Options MD, a telehealth startup created to provide care for treatment-resistant depression, raised $2.35 million in a funding round led by Bread & Butter Ventures, according to a Nov. 1 news release from Options MD. This investment brings its total pre-seed funding to almost $4 million. The company plans to use the funds to increase patient access to specialized care for severe and treatment-resistant mental illnesses.

Despite the dip in funding for mental health startups this year, NeuroFlow, Brave Health, Alleva and others have secured investments in the final quarter of 2022.

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