Cerebral is under investigation for possible violations of the Controlled Substances Act as the digital mental health company faces increasing scrutiny over its prescribing practices for medications like Adderall.
As first reported by Insider, Cerebral confirmed it had received a grand jury subpoena from the U.S. Attorney’s Office for the Eastern District of New York on the evening of May 4. That...
Editor's note: This story has been updated to reflect that Cerebral does not offer services to patients under the age of 18.
BOSTON – Cerebral Chief Medical Officer Dr. David Mou on Sunday defended the digital mental health company's prescribing practices, but mistakes have been made, especially in the area of marketing, he admitted during the American Telemedicine Association Association's...
Behavioral health startup Concert Health wrapped up a $42 million Series B funding round led by Define Ventures.
Other participants in the round include Healthy Ventures, Vertical Venture Partners and Townhall Ventures, as well as strategic investors CommonSpirit Health and Advent Health. Concert scored $14 million in Series A financing in January 2021.
WHAT IT DOES
The startup works with...
Virtual mental healthcare provider Iris Telehealth scooped up $40 million in a Series B funding led by Concord Health Partners and Columbia Pacific Advisors.
WHAT IT DOES
Iris provides telepsychiatry services through partnerships with providers like health systems, hospitals and community health centers. The company can also help its provider clients triage patients who need more advanced mental...
Providing video-enabled tablets to rural veterans decreased emergency department visits and suicide behaviors, and increased both in-person and virtual mental health visits, according to a study published in JAMA Network Open.
"These findings suggest that video-enabled tablets may provide access to critical services for rural patients with mental health needs and reduce instances of suicide...
A Cairo-based healthtech startup focused on providing mental health services in the Middle East and North Africa (MENA) has just secured one of the largest investment rounds for its sector in the region.
O7 Therapy – a digital platform and smartphone app that specialises in online therapy, corporate wellness programmes, and psychoeducational resources for “Arabic-speaking users” – has raised a...
NexStem, a robotics startup based in Palo Alto, California with a R&D team in India, is set to roll out across Asia-Pacific, Europe and the United States its headset that can be controlled by a user's thoughts.
The launch comes as the company has received funding from angel investors like BITS Spark and Indian internet company InfoEdge for an undisclosed amount.
WHAT IT'S FOR
NexStem offers...
Drug discovery startup ArrePath announced Thursday it has raised $20 million in a seed funding round led by the Boehringer Ingelheim Venture Fund, Insight Partners and Innospark Ventures.
Other participants in the round include Viva BioInnovator, Arimed Capital, PTX Capital and Nor’easter Ventures. The company, which focuses on developing new types of anti-infective drugs to best antimicrobial...
Mental health technology funding soared last year, with companies bringing in $5.5 billion globally across 324 deals, according to CBInsights' State of Mental Health Tech 2021 Report.
That amounts to a 139% climb from 2020, when startups scooped up $2.3 billion across 258 deals.
"As the pandemic continued to exacerbate mental health issues (such as anxiety and depression), there was growth in...
Mental health startup heyy has raised $555,000 in a pre-seed funding round led by Wavemaker Partners, an early-stage institutional investor from Southeast Asia.
The investing round was also joined by angel investors, such as Sairee Chahal of Sheroes and Anjan Bhojarajan of HealthifyMe.
WHAT IT DOES
Launched last year, the startup operates an app that provides preventive mental health care for...
