Grouport Raises $1.5M in Seed Funding

Grouport, a NYC-based online group therapy service making group treatment accessible for chronic psychological disorders, raised $1.5m in seed funding.

The round was led by XV Venture Capital, with participation from 380 Cap (a fund started by Drizly co-founder Justin Robinson), and Taub Ventures.

The company intends to use the funds to scale its evidence-based and tech-enabled platform, expand its leadership team across key functions including marketing, tech, product, business development, among others, to support its efforts to scale nationwide.

Established in 2019 and founded by Jonathan Spievack (CEO) and Mordechai Teitz (co-founder and CTO), Grouport is pioneering a virtual group-based treatment model that’s tailored to chronic psychological disorders. Through its online therapy groups, patients meet weekly with the same members and therapist for consistent care spanning the full range of mental health challenges.

FinSMEs

10/09/2021