Overview

Bend Health provides mental and behavioral health care services specifically for families, focusing on children and adolescents. Their services are delivered through telehealth, allowing clients to have virtual appointments, engage in care team chats, and access online learning programs from home or school. This approach makes mental health care more accessible, especially in areas where specialized care is limited. The company partners with pediatricians, health plans, and employers across the U.S. to ensure families can receive timely and high-quality care. Bend Health stands out from competitors by emphasizing a holistic approach to treatment that includes skills building and resilience, rather than relying solely on medication. Their goal is to create a strong foundation for mental health, helping children and adolescents cope with life's challenges.

Simplify's Take

What believers are saying

• Increased demand for digital mental health solutions for youth boosts Bend Health's market potential.
• Partnerships with YMCA and Little League enhance community-based mental health support.
• Short-term virtual coaching sessions show significant improvements in youth mental health outcomes.

What critics are saying

• Competition from other digital health startups could impact Bend Health's market share.
• Potential changes in insurance reimbursement policies may affect Bend Health's revenue model.
• New regulations on children's health data privacy could increase compliance costs for Bend Health.

What makes Bend Health unique

• Bend Health offers virtual mental health care for children and adolescents nationwide.
• The company emphasizes skills building and resilience over medication in treatment.
• Bend Health partners with pediatricians, health plans, and employers across all 50 states.

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Funding

Total Funding

$32M

Above

Industry Average

Funded Over

2 Rounds

$22,000,000

Series A

Mar 2023

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$22M

$30M

View all funding stages