Mantra Health Raises $2M; Total Funding to $5.2M

Mantra Health

Mantra Health, a NYC-based digital mental health clinic that partners with higher education institutions, raised an extension of $2m bringing its total funding to $5.2m.

The round includes new institutional investors Canaan Partners, City Light Capital, and Baleon Capital, as well as strategic angels, including Dr. Nitin Nanda, the founder of Aligned Telehealth, acquired by Amwell, who has also joined Mantra Health’s Board.

The company will use the extension to continue to expand its network of psychiatric and therapy providers to all 50 states and continue to sign and support contracts with health insurance carriers.

Led by Ed Gaussen, CEO, and Matt Kennedy, COO, Mantra Health is a digital clinic improving access to evidence-based mental healthcare for young adults through partnerships with higher education institutions and health insurance plans.

The company uses telehealth technology to deliver evidence-based mental health treatment by integrating directly with on-campus counseling and health centers to help them expand their services and make off-campus referrals that meet the specific needs of their student populations.

Mantra Health’s program is currently deployed across 26 college campuses with more than 180,000 students enrolled.