Cartwheel Care

Cartwheel Care

Virtual mental health services for students.

About Cartwheel Care

Simplify's Rating
Why Cartwheel Care is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Social Impact

Education

Healthcare

Company Size

201-500

Company Stage

Series A

Total Funding

$20M

Headquarters

Cambridge, Massachusetts

Founded

2022

Overview

Cartwheel Care partners with K-12 schools to provide rapid, virtual mental health care for students. A team of licensed clinicians delivers individual therapy, psychiatric evaluations, medication management, and parent guidance through school-based telehealth, aiming to shorten wait times. Services are accessed as in-network with health insurance plans via partner districts, creating a direct referral and collaborative care pathway. The goal is to expand access to timely, comprehensive student mental health by embedding services in schools and scaling through district partnerships.

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Simplify's Take

What believers are saying

  • Series B funding from A-Street, Citi Impact Fund, and major institutional investors.
  • State partnerships with Arizona, Georgia, Virginia provide fully-funded expansion channels.
  • School Avoidance Program addresses chronic absenteeism with integrated psychiatric support.

What critics are saying

  • Talkspace contracts 200+ districts with direct subscriptions undercutting insurance-based pricing.
  • State-funded programs shift to non-profits post-grant, excluding for-profit Cartwheel.
  • Clinician shortage from AMA fellowship cuts threatens provider retention and wait times.

What makes Cartwheel Care unique

  • 70% referral-to-care conversion rate, double industry average, eliminates waitlists.
  • Serves 350 school districts across 15 states with 300% YoY growth.
  • 92% of students report feeling better after 2-6 month treatment cycles.

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Funding

Total Funding

$20M

Above

Industry Average

Funded Over

1 Rounds

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

$15M
$8.2M
Discord
$15M
Canva
$20M
Cartwheel Care
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

Equity Ownership Stake

Flexible Work Hours

Educational Stipend

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

3%
Sandy Journal
Feb 3rd, 2026
Cartwheel becomes America's largest K-12 mental health provider with 300% growth and Series B funding

Cartwheel, a K-12 mental health telehealth platform, has become America's largest school mental health provider following nearly 300% year-over-year growth. The company now serves 350 school districts across 15 states and has secured partnerships with state departments in Arizona, Georgia and Virginia. Founded in 2022, Cartwheel provides evidence-based mental healthcare including therapy and psychiatric services through schools, operating year-round with extended hours. The platform achieves a 70% referral-to-care conversion rate, more than double the industry average, by enabling school counsellors to refer students with no waitlists. The company has raised a Series B round led by A-Street, with participation from Citi Impact Fund, Britebound, American Heart Association, and existing investors including Menlo Ventures and General Catalyst. Services are covered by family insurance at no additional cost.

PR Newswire
Feb 3rd, 2026
Cartwheel Becomes Nation's Largest School Telehealth Provider Following Exceptional Growth and Major New Investment

/PRNewswire/ -- Cartwheel, the trusted mental health platform for K-12 schools, students, families, and staff, today announced exceptional growth that has...

Behavioral Health Business
Aug 19th, 2025
Cartwheel Care Raises $35M Funding

Cartwheel Care, a youth-focused telehealth startup, raised $35 million of a $44 million funding round. Founded in 2022, the company previously secured a $20 million Series A in 2023 led by Menlo Ventures, with investors like Reach Capital and General Catalyst. Based in Cambridge, MA, Cartwheel Care offers virtual therapy and psychiatry services for students. The recent funding involved 11 investors and began on Aug. 1, focusing on equity sales.

PR Newswire
Jan 27th, 2025
Horne Announces Fully-Funded Mental Telehealth Program Available In Rural Arizona Counties

Partnership between ADE and mental health provider Cartwheel improves school safetyPHOENIX, Jan. 27, 2025 /PRNewswire/ -- State Superintendent of Public Instruction Tom Horne has announced a new partnership with mental health care provider Cartwheel, to bring students and families in Arizona's rural counties rapid access to mental health support using telehealth

Achievement First
Sep 16th, 2024
Achievement First & Cartwheel Partnership Provides Access to High-Quality Mental Health Care

In response to this crisis and aligned with its AF value of caring for the whole person, Achievement First partnered with mental health provider Cartwheel to bring students and families rapid access to mental health care via telehealth.

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