From digital therapeutics to provider workflow tools, we take a look at the startups making mental healthcare more accessible, efficient, and personalized.
Startups are using technology to make mental healthcare more accessible to patients and streamline processes for providers.
Though funding to the mental health tech space has fallen from last year’s all-time high of $5.5B to $1.5B in H1’22, demand for services remains strong. Forty-two percent of Americans reported needing mental healthcare over the past 12 months, and 24% reported needing substance use care during that time, according to the National Council of Wellbeing.
Many patients seeking care also described encountering barriers such as cost, location, visit format, and cultural fit. Now, new technologies are emerging to address these challenges.
For example, teletherapy providers like Talkiatry offer flexibility to patients that cannot attend in-person sessions. Meanwhile, provider workflow tools such as Violet help deliver more inclusive care by credentialing and upskilling clinicians.
Using the CB Insights platform, we identified 125 early-stage companies shaping the future of mental health tech.
This market map consists of private, active companies that have raised a Series A or earlier funding round within the last three years. It is not intended to be exhaustive of the space. Categories are not mutually exclusive and companies are mapped according to primary use case. More companies can be found in our Mental Health Tech collection.
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