Equip, a San Diego, CA-based health tech company pioneering a program that virtually delivers evidence-based eating disorder treatment to families at home, closed a $13m Series A financing, bringing its total funds raised to date to $17m.
The Series A round was led by Optum Ventures, with participation from new investor .406 Ventures and existing investor F-Prime Capital, who led the prior seed round.
The company intends to use the funding to expand its geographic reach delivering care to additional patient populations in 2021, to continue building its clinical team, develop its technology platform, and help the business scale as they launch programs with several insurance partners.
Founded in 2019 by Kristina Saffran, who recovered from anorexia as a teenager and founded the nonprofit Project Heal at the age of 15, and Erin Parks, Ph.D, a clinical psychologist and researcher who spent the past decade at the renowned UC San Diego Eating Disorders Center, Equip delivers eating disorder treatment through family-based care. It provides each patient with a five-person dedicated care team including a therapist, dietician, physician, and peer & family mentor.
Equip builds upon this model of care by providing families with a five-person dedicated care team, including a peer and family mentor, a medical physician (psychiatrist, PCP, or pediatrician), a therapist and a dietician. Equip’s virtual platform allows families to arrange treatment to fit their schedules and needs, instead of upending their routines to send their child away from home to a residential facility.
The company has already launched in California, New York and Texas.