SilverCloud Health, a Boston, MA-based global health tech company, raised $8.1m in Series A funding.
The round was led by B Capital Group – founded by Raj Ganguly and Facebook co-founder Eduardo Saverin, with participation from ACT Venture Capital and returning investors Investec Ventures and AIB Seed Capital Fund managed by DBIC, NDRC and Enterprise Ireland.
The company intends to use the new capital to grow in North America and Europe, build out its commercial, development and clinical teams and expand into new areas such as integration with personal health and activity monitoring devices.
Founded in 2012 by by chief executive and co-founder Ken Cahill, SilverCloud Health provides evidence-based online mental health and behavioral healthcare solutions. Today, the company offers 22 evidence-based programs addressing conditions such as depression, anxiety and stress as well as for long-term chronic conditions (diabetes, COPD, and cardiovascular disease) currently used by over 120 healthcare organizations across North America and Europe.
Since launching, it has supported over 80,000 patients across its global customer base.