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About Firsthand
Industries
Social Impact
Healthcare
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$41.7M
Headquarters
New York City, New York
Founded
2021
Overview
Company Does Not Provide H1B Sponsorship
Firsthand Cares provides support and resources for individuals living with serious mental illness, focusing on shared lived experience among its team members. This approach helps build trust and understanding, which are essential for recovery. The company offers services such as personal guidance, community resources, and mental health advocacy to help clients overcome barriers to care. Firsthand Cares generates revenue through service fees, insurance reimbursements, and potential grants, distinguishing itself from traditional mental health providers by emphasizing personal recovery journeys. The goal of Firsthand Cares is to improve mental health outcomes for its clients by leveraging the experiences of those who have faced similar challenges.
Simplify's Take
What believers are saying
- Recent $29.9M equity investment supports aggressive expansion and product development.
- Growing interest in peer support networks aligns with Firsthand's shared experience approach.
- Rising demand for personalized mental health care plans benefits Firsthand's services.
What critics are saying
- Increased competition from AI-driven therapy solutions may overshadow human-centric approach.
- Potential reduced insurance reimbursements could impact Firsthand's revenue model.
- Stigma associated with mental illness may deter potential clients from seeking services.
What makes Firsthand unique
- Emphasis on shared lived experience fosters trust and understanding in mental health care.
- Focus on personal recovery journeys sets it apart from traditional providers.
- Team includes members with personal mental health challenges, enhancing client connection.
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Funding
Total Funding
$41.7M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Parental Leave
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 2%2 year growth
↑ 8%FirstHand Health has filed a notice of an exempt offering of securities to raise $29,999,998.00 in New Equity Investment. FirstHand Health has filed a notice of an exempt offering of securities to raise $29,999,998.00 in New Equity Investment.According to filings with the U.S. Securities and Exchange Commission, FirstHand Health is raising $29,999,998.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Samir Malik played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About FirstHand HealthAt firsthand we believe firsthand experience with serious mental illness should be valued more. Our founding team of serial entrepreneurs and healthcare executives have intentionally spent careers serving underserved people with Serious Mental Illnesses, in partnership with community-based organizations. We are actively adding like-minded business-builders to fill out our team.To learn more about FirstHand Health, visit http://www.firsthandcares.com/Contact:Samir Malik, Chief Executive Officer314-578-5416https://www.linkedin.com/in/samirmm/SOURCE: http://www.intelligence360.ioCopyright (c) 2023 SI360 Inc
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About Firsthand
Industries
Social Impact
Healthcare
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$41.7M
Headquarters
New York City, New York
Founded
2021
Firsthand is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today