73% of students experience a mental health crisis during college; 40% experience depression. Schools are not well equipped to handle the growing demand for students that are seeking counseling and treatment. The ratio of counselors to students is 1:1000-2000 for small to moderate-sized schools; 1:2000-3500 for larger universities. This lack of access is compounding the acute mental health crisis among students. Mantra Health is a digital mental healthcare clinic that works with universities and colleges to provide accessible services to their students. The telehealth platform provides 24/7 access to licensed psychiatrists and therapy providers in the Mantra network and a back-end platform that allows the university to refer and monitor their students’ cases, supported by a robust EHR system. Students can now access vetted providers in minutes rather than weeks without worrying about cost; payment is a blend of insurance and university-sponsored. Mantra is now live at 52 universities, making mental healthcare accessible to ~500K students. AlleyWatch caught up with Mantra Health Cofounder and CEO Ed Gaussen to learn more about the state of mental health care in higher education, the founding story for the company, latest round of funding, which brings the total funding raised to $29.2M, and much, much more…
14 new deals and $300M in funding for the week. NYC Tech News for the week ending 1/22 featuring news for Trading.TV, Chatdesk, StrongArm Technologies, and much, much more…
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 1/22/22 featuring funding details for Curbio, The Graph, Clari, and twenty-eight other rounds that you need to know about.
3 deals and $79M in new funding! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 1/20/2022 featuring funding details for StrongArm Technologies, Mantra Health, and much more.
According to the NIH, 71% of college students reported that stress and anxiety had increased due to COVID. Some of the most common stressors identified were concern over personal and familial health, difficulty concentrating, disruptive sleeping patterns, and decreased social interactions. However, only 5% of these respondents reported using mental health counseling services. Mantra Health is a digital mental health platform that partners with universities and colleges to make mental healthcare accessible to these students. The company offers at its core, a telehealth platform that provides students with access to licensed psychiatrists and therapy providers in the Mantra network and a back-end platform that allows the university to refer and monitor their students’ cases, supported by a robust EHR system. Students can now access vetted providers in minutes rather than weeks without worrying about cost; payment is a blend of insurance and university-sponsored. Mantra is live at campuses across six states presently with plans to provide nationwide coverage before the fall semester. AlleyWatch caught up with Cofounder & CEO Ed Gaussen to learn more about the importance of making mental health accessible for college students, the company’s future expansion plans, and recent seed extension from investors that include Canaan Partners, City Light Capital, and Baleon Capital, and Dr. Nitin Nanda.
$560M+ invested in NYC startups in the past week; three acquisitions, consolidation in the ad tech space continues, and one IPO. NYC Tech News for the week ending 4/3 featuring news forÊHoller, Ethic, and much, much more.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 4/1/2021 featuring funding details for Holler, PAIR Eyewear, and much more.