Mantra Health, a New York-based clinically informed digital mental health, raised $5M in Series A extension funding.
The round, which brought total fundraise to-date to over $34M, was led by VMG Partners.
The company intends to use the funds to increase its research and development capacity to develop mental health products for higher education.
Led by Matt Kennedy and Dr. Carla Chugani, Mantra Health is a digital mental health provider for colleges and universities. The company partners with education institutions and health insurance plans to provide undergraduate and graduate students with virtual therapy, psychiatry, crisis care, and wellness content. Through augmenting evidence-based clinical services with seamless campus integration, Mantra Health aims to provide digital and clinical services to 40 million young adults.
This month, the company also launched a suite of new products, which includes dialectical behavior therapy (DBT) self-guided content and emotional wellness coaching resources for students; and partnered with Togetherall to incorporate a high-quality peer-to-peer support network into their suite of services.
Mantra Health’s new Whole Campus Care service allows access to comprehensive mental health services that support students across every stage of their mental health journey. Whole Campus Care offers teletherapy, telepsychiatry, and 24/7 emotional wellness support services. New services include a first-of-its-kind DBT Self-Guided Skills program that teaches mindfulness, distress tolerance, emotion regulation and interpersonal effectiveness via curated skill collections, video lessons and journal reflections.
Mantra Health solutions have been deployed across more than 100 college and university campuses, including Penn State University, Massachusetts Institute of Technology, Miami Dade College, and Cornell University, serving more than 800,000 students.
FinSMEs
27/03/2023