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Mantra Health Raises $22M To Scale Its Digital Mental Health Clinic For Young Adults

PRIVATEJan 19, 2022•over 4 years ago

Amount Raised

$22 Million

Round Type

Funding Round

New YorkHealthcareHealth Care

Description

Mantra Health, a digital mental health startup focused on young adults, has raised $22 million in Series A funding led by VMG Partners. The round includes new investors New Market Venture Partners, Elements Health Ventures, 14W and Alumni Ventures. Returning investors included Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments and City Light Capital. This latest investment brings the company’s total amount of funding to nearly $28 million.

Company Information

Company

Mantra Health, Inc.

Location

228 PARK AVE. S.

New York, New York, United States

About

Mantra Health is a digital mental health clinic on a mission to improve young peoples' mental healthcare access through clinical services, software, and design. Since our founding in 2018, we've built a comprehensive treatment service for young adults with various mental health conditions. We've raised over $27 million to work with students at universities and colleges across the country such as MIT, Cornell, and the University of Minnesota. Our students see clinically significant differences in their mental health during treatment with us. We're particularly proud that nearly two-thirds of students with access to Mantra report that Mantra's program helped them stay in school.

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