Monday, December 5, 2022

Osmind raises $40M for emerging mental health treatment EHR and more digital health fundings



Mental health EHR Osmind scored $40 million in a Collection B funding spherical led by DFJ Progress.

Different members embrace Susa Ventures, Basic Catalyst, Future Ventures, Tiger World, Pear VC and angels Lachy Groom, Brent Saunders, Helena Goodman and Ariel Katz. 

Osmind affords an EHR tailor-made to clinicians and researchers utilizing and finding out ketamine and different psychedelics, in addition to transcranial magnetic stimulation for treatment-resistant despair. The most recent spherical brings the startup’s whole increase to $57 million. 

Osmind stated it plans to make use of the capital to proceed to develop and scale its EHR, conduct analysis with new companions and more than double the scale of its crew.

“Osmind helps clinicians treating sufferers with severe and refractory mental health circumstances, together with extreme despair, suicidality, PTSD, substance use issues, anxiousness, OCD and more,” cofounder and COO Jimmy Qian stated in an announcement. “By enabling the intense innovation being led by interventional mental health practices, we’re doing our half to assist researchers increase higher, safer, more efficient remedies for sufferers who want it most.”


Israel-based precision oncology platform OncoHost raised $35 million in Collection C funding.

The spherical was led by ALIVE Israel HealthTech VC with participation from Leumi Companions, Menora Mivtachim, OurCrowd and current buyers. The funding will go towards increasing the corporate’s clinical trial utilizing its PROphet platform to higher predict a affected person’s response to most cancers treatment.

“That is OncoHost’s third and most important funding spherical up to now, demonstrating the corporate’s maturity, credibility and scalability,” CEO Dr. Ofer Sharon stated in an announcement. “We’re honored to be supported by main native and international funding funds that perceive and help our imaginative and prescient to shift the panorama of oncology to a very personalised strategy and wish to be a part of our journey in revolutionizing most cancers care.”


Tech-enabled house care startup Reverence emerged from stealth with $9.5 million from a financing spherical led by Goal World.

Reverence additionally introduced it had acquired automated staffing platform Hirehand. The corporate works with supplier teams to optimize which caregivers they ship to a affected person’s house on the acceptable time. The platform additionally permits them to share information with different clinicians and members of the family concerned in house care, and creates condition-specific checklists for caregivers.

“We’ve solely scratched the floor of how home-based care fashions can enhance and save lives,” founder and CEO Lee Hudson Teslik stated in an announcement. “Our know-how supplies the connective tissue wanted to bridge the hole between hospital and house unlocking new potentialities and paving the way in which to a stronger, more sustainable and more clinically efficient future for home-based care.”


Digital pediatric behavioral health startup Handspring Health wrapped up a $6.2 million seed spherical led by Newark Enterprise Companions and NextView Ventures.

Different members within the spherical embrace 25madison Ventures, Arkitekt Ventures and Quantum Angels. The corporate presently supplies digital remedy for youngsters between the ages of 10 and 17 in New Jersey. Handspring plans to start seeing youthful sufferers at in-person clinics within the state. The seed funding is supposed to help the method.

The startup additionally plans to make use of the funding to rent more clinicians, to spend money on their know-how and affected person expertise, to associate with payers, and to increase into new markets. 

“The healthcare system is failing our youngsters, as systemic limitations have made it unimaginable for households to search out care that is accessible. When trying for care, households usually face unaffordable charges that aren’t lined by insurance coverage, or waitlists which can be a number of months lengthy,” cofounder and CEO Sahil Choudhry stated in an announcement. “Furthermore, most new options available in the market right this moment are virtual-only; not all youngsters will be handled nearly, and many want more hands-on and in-person consideration.”


Digital mental health firm Meru Health acquired a $2 million grant from the Nationwide Institute of Mental Health to review the effectiveness of its 12-week app-based program for main care sufferers.

“The significance of this examine is big,” Dr. Nicholas Peiper, principal investigator and director of analysis at Meru Health, stated in an announcement. “We’re utilizing gold commonplace strategies to find out the effectiveness of the Meru Health Program. Conducting this examine in main care can be a giant step, as a result of nearly all of individuals experiencing despair initially search care with their main care supplier.”

Meru most not too long ago raised $38 million in Series B funding in September. 

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