Overview

Daybreak Health offers online mental health services for K-12 students through teletherapy, focusing on improving both mental health and academic performance. Their programs are tailored to meet the unique needs of students, especially those in high-risk groups like BIPOC, LGBTQ+, and low-income students. By partnering with schools, Daybreak Health provides a comprehensive treatment cycle lasting over 12 weeks, distinguishing itself from competitors with a commitment to high-quality, value-driven support. The company generates revenue from fees paid by schools for its services.

Simplify's Take

What believers are saying

• Rising demand for teen mental health services boosts Daybreak Health's market potential.
• Advancements in telehealth technology enhance the effectiveness of Daybreak's remote therapy sessions.
• Increased funding for school mental health initiatives supports Daybreak's partnership model.

What critics are saying

• Competition from platforms like BetterHelp and Talkspace targeting K-12 students is increasing.
• Maintaining data privacy for minors is challenging amid scrutiny on digital platforms.
• School budget cuts could impact funding for Daybreak Health's services.

What makes Daybreak Health unique

• Daybreak Health offers tailored mental health programs for high-risk student subpopulations.
• The company partners with schools to provide comprehensive 12+ week treatment cycles.
• Daybreak Health focuses on improving both mental health and academic performance of students.

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Funding

Total Funding

$24.3M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:

Lightspeed Venture PartnersY Combinator

Notable Investors:

Lightspeed Venture PartnersY Combinator

$13,000,000

Series B

Aug 2023

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$13M

$30M

$45M

$65M

$100M

View all funding stages