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Mindset Care raised $13M in a funding round led by Science Inc. to expand partnerships for disability benefit applications for individuals with mental illness.

Aug 20, 2024over 1 year ago

Amount Raised

$13 Million

New YorkFamilyNon ProfitHealth Care

Investors

Liv Edge CapitalXyzEnable VenturesTubbs VenturesWellington ManagementScience Inc.

Description

Mindset Care announced a total of $13 million in funding to simplify Social Security Disability applications for individuals with serious mental illness. The funding will help expand partnerships with various organizations to support prospective claimants amid rising demand for assistance.

Company Information

Company

Mindset Care

Location

New York, New York, United States

About

Mindset Care is a platform designed to simplify the application process for Social Security Disability benefits, specifically for individuals with mental illnesses and their caregivers. The company aims to streamline and optimize the often complicated process, significantly reducing the time required to apply for benefits. It actively engages in community outreach to assist eligible applicants through various organizations including homeless shelters and rehabilitation facilities. Mindset Care seeks to address the urgent mental health crisis in the United States by providing essential support and resources for those needing disability assistance.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech