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Mantra Health Adds Another $2M for Digital Mental Healthcare Clinics for College Students alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.
Share this article NEW YORK, April 1, 2021 /PRNewswire/ Mantra Health, a digital mental health clinic that partners with higher education institutions, today announced an extension of $2 million bringing its total funding to $5.2 million. 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. Mantra will use the extension to continue to expand its network of psychiatric and therapy providers to all 50 states. Additionally, the company will continue to sign and support contracts with health insurance carriers across the country to increase access to evidence-based mental healthcare for the 20 million post-secondary students in America. This move will help increase payment options for colleges and universities, and increase continuity of care for students during seasonal breaks and after graduation. ....
Image courtesy of Mantra Health Mantra Health, a startup providing virtual mental healthcare services to higher education, has closed a $2 million extension to the $3.2 million in seed funding it disclosed late last year, MobiHealthNews has learned. The startup s newest backers include Canaan Partners, City Light Capital and Baleon Capital, as well as Aligned Telehealth founder Dr. Nitin Nanda as a strategic angel investor. WHAT IT DOES Launched in 2018, Mantra bolsters colleges and universities on-campus health resources with a closed-loop virtual mental health offering that aims to ensure continued support and follow-up. It consists of a telehealth app students use for text or video conversations with Mantra s affiliated provider group, a collaboration portal that campus health staff uses to monitor and refer students, and a proprietary EHR system that the company uses to track care across virtual visits and referrals. ....
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