Grow Therapy operates an online platform that connects clients with therapists, making it easier for individuals to find and book mental health services. The platform allows users to schedule appointments quickly, often within two days, which addresses the common issue of long waiting times in the mental health sector. Grow Therapy also simplifies the process of using insurance for therapy sessions, helping clients navigate what can be a complicated system. The company generates revenue by charging a commission or service fee for each booking made through its platform. Unlike many competitors, Grow Therapy focuses on speed, convenience, and a wide acceptance of various insurance providers, including major companies like Amerihealth and Blue Cross Blue Shield. The goal of Grow Therapy is to provide accessible mental health resources and support to individuals across multiple states.

SignalFire

Technology Crossover Ventures

Transformation Capital

SVB Capital

Plus Capital

Sequoia

Goldman Sachs

Dak Prescott

Consumer Software

Healthcare

Grow Therapy

Lectură de 4 minÎn 2013, când a început să fie folosit termenul de ”unicorn” pentru startup-urile tech evaluate la peste 1 miliard de dolari, în lume existau 39 de unicorni. Anul trecut, datele numărau cu puțin peste 1.200 de unicorni, cu o valoare cumulată estimată la 3.856 miliarde de dolari. Anul acesta, în plan global au apărut 38 de unicorni în lumea startup-urilor. Care sunt acele companii care ne-au atras atenția?Înainte de a trece la cei mai noi unicorni ai lumii și la inovația pe care o aduc, reluăm definiția unicornului din punct de vedere al unui startup, așa cum a apărut el în mod original.Un unicorn este un startup de tehnologie privat care a ajuns să fie evaluat la cel puțin un miliard de dolari. Astfel, compania este în fază de dezvoltare și are și particularitate aunui startup, aceea de scalabilitate și a faptului că folosește tehnologia sau aduce un element inovator pentru a avea impact în viețile oamenilor. Ca să se încadreze la ”unicorn”, compania trebuie să fie privată, adică să nu aibă acțiuni la bursă, disponibile publicului larg.În schimb, acțiunile companiei sunt oferite anumitor persoane, ori sunt tranzacționate sau schimbate în mod privat, investitorii fiind cei care setează și bazele evaluării în funcție de sumele pe care aleg să le aloce acelui startup

Zece Unicorni De Anul Acesta Care Ne-Au Atras Atenția

In the post-COVID world, VCs say it’s not as easy to get excited about investing in digital health. Deal activity in healthcare IT was relatively flat in Q1 2024 at 74 total deals, valued at about $1 billion total, up only 3% from the year-ago quarter, according to PitchBook data. Still, promising startups have grabbed investors’ attention this year. TechCrunch spoke with about a dozen healthcare VCs about the companies they think have the most promising future. While recently formed AI-driven startups that are solving staggering administrative challenges in the U.S. healthcare system dominated their recommendations, they also mentioned several slightly older, non-AI-focused businesses.We narrowed their suggestions to the list of names that more than one VC mentioned, which came in at an even 10 companies. VCs discussed with us the companies that were both in their portfolios and not.AbridgeWhat it does: Uses AI to automate medical records based on conversations between doctors and patients.Founded in 2018 by Shiv Rao, a practicing cardiologist, Abridge is an early entrant into the medical note-taking space and one that has secured integration with the all-powerful Epic Systems health records software. Why it’s promising: The Pittsburgh-based startup generates excitement among investors and hospital systems eager to free up physicians’ time spent on note-taking

10 Of The Most Exciting Digital Health Startups Of 2024, According To Vcs

For years, Sammy Faycurry has been hearing from his dietician mom and sister about how poorly many Americans eat and their struggles with delivering nutritional counseling.Although nearly half of all adults in the country are affected by chronic conditions linked to unhealthy diets, health plans have a limited number of in-network registered dieticians. Faycurry decided to build a platform that would empower RDs, like his mom and sister, to start their own practices while being covered by insurance. He began working on Fay, a startup that connects RDs with insurances and patients, when he was an MBA student at Harvard Business School in 2021. About a year into his effort, which Faycurry initially bootstrapped, he asked Mark Stefanski to join him as a CTO. On Wednesday, Fay emerged from stealth after quietly raising $25 million from General Catalyst and Forerunner Ventures, with participation from 1984 and the founders of Grow Therapy and Maven Clinic.Fay offers RDs a franchise model that has gained popularity among certain types of healthcare providers in recent years. The so-called business-in-box gives practitioners, such as dietitians and therapists, the tools for running their practices, including filing claims with insurance, receiving payments and being matched with patients.“Insurance companies love it because their patients are getting healthier. And the dietitians love it because they can make almost five to eight times more money as independent practitioners with our platform than they earn in a hospital,” Faycurry told TechCrunch

Dietitian Startup Fay Has Been Booming From Ozempic Patients And Emerges From Stealth With $25M From General Catalyst, Forerunner

Grow Therapy announced the closure of an $88 million Series C funding round led by Sequoia Capital, with contributions from Goldman Sachs Alternatives and others, including celebrities. The company also launched a new measurement-informed care system to enhance mental healthcare for various patient populations, including those on Medicaid and Medicare.

Grow Therapy Secures $88M Series C

According to filings with the U.S. Securities and Exchange Commission, Grow Care Inc. dba Grow Therapy is raising up to $34,999,979.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Jake Cooper 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 Grow Care Inc. dba Grow TherapyWe believe that therapy is an essential part of becoming the best versions of ourselves. No matter who you are or where you are starting, its more than support through challenge – its the foundation to grow, heal and lead lives that are more resilient, empathic, hopeful and powerful

Grow Care Inc. Dba Grow Therapy Has Filed A Notice Of An Exempt Offering Of Securities To Raise $34,999,979.00 In New Equity Investment.

The company launches measurement-informed care infrastructure to further support providers, patients, and payorsNEW YORK, April 8, 2024 /PRNewswire/ -- Grow Therapy , a provider-centric mental health technology company improving access to high-quality mental healthcare, today announced the closing of its $88 million Series C investment round led by Sequoia Capital, with support from Growth Equity at Goldman Sachs Alternatives and PLUS Capital alongside artists and athletes from their collective including Anna Kendrick, Lily Collins, Dak Prescott, Joe Burrow, Jrue Holiday, and Lauren Holiday. Existing investors Transformation Capital, SignalFire and TCV also participated in the round. Additionally, the company announced the launch of its enhanced measurement-informed care system, which will allow it to elevate the care experience for clients and providers and make value-based behavioral care accessible for all patient populations, including Medicaid and Medicare members.Empowering people to find and engage with effective mental health support is the most pressing need of our time. Post this Grow Therapy InterfaceGrow Therapy CEO Jake Cooper said, "Our team believes that empowering people to find and engage with effective mental health support – regardless of their background, geography or financial circumstances – is the most pressing need of our time. The two announcements we've made today, including the close of our $88 million Series C from Sequoia Capital and Goldman Sachs Alternatives and the launch of our new measurement-informed care system, represent tremendous strides in helping us fulfill that goal. Together with our partners and stakeholders, we are building an environment where people can easily find care they can trust and afford, and where therapists can serve their communities while building sustainable, rewarding careers."Grow Therapy is a three-sided platform dedicated to empowering access to effective mental healthcare by providing integrated vertical software and services to patients, providers, and payors, including seamless patient-provider matching, insurance billing, electronic health records (EHR) & telehealth software and care navigation.Since its founding in 2020, Grow has:Conducted more than 3 million patient encounters, with 94% in-network, while achieving industry-leading results for time-to-care (4 days), satisfaction (85 Net Promoter Score), and clinically significant symptom reduction (~50% for moderate to severe clients).Earned the trust of more than 12,000 providers, across all specialties (individual, couples, family, child & adolescent, prescribers), backgrounds (44% BIPOC), and geographies (20 states today, with more to come), delivering care both in person and via telehealth.Partnered with more than 75 payors across all business lines (Commercial, Medicaid, and Medicare)

Grow Therapy Raises $88M Sequoia Capital-Led Series C To Advance Effective Mental Healthcare

Mental health tech startup Grow Therapy snags $88M, builds out measurement-based care tech.

Mental health tech startup Grow Therapy snags $88M, builds out measurement-based care tech

New solution integrates evidence-based digital care programs with best-in-class mental health provider networkSAN FRANCISCO, March 21, 2024 /PRNewswire/ -- Big Health , the leading developer of digital treatments for the most common mental health conditions, has partnered with Grow Therapy ("Grow") to launch a comprehensive mental health platform that will support the full spectrum of mental health care needs. Grow's best-in-class provider network will seamlessly integrate with Big Health's clinically proven digital programs for insomnia, anxiety, and depression. The experience will be integrated into customers' existing benefit ecosystems, and offer care to millions for a fraction of the cost of existing platforms.Despite double-digit growth in investments in this area, the mental health crisis continues to worsen. The collaboration between Big Health and Grow Therapy will provide flexibility and scalability in addressing the exploding demand for mental health care services."Mental health continues to be a top priority for employers and other traditional benefits customers. They are facing enormous financial pressure with rising medical spend and economic headwinds. We are meeting the need for a solution that combines the best clinical care and digital programs in one platform that can be billed up to 100% through claims, with no benefits budget required," said Arun Gupta, Big Health's Executive Chairman & CEO.The new comprehensive mental health platform is built for the challenging market dynamics facing organizations, including utilization-based pricing, claims-based billing, and performance guarantees tied to clinical results

Big Health Partners With Grow Therapy To Launch Comprehensive Mental Health Platform

Grow Therapy named in LinkedIn Top Startups List for 2023.

Grow Therapy Named in LinkedIn Top Startups List for 2023

Online platform for booking therapy sessions

Grow Therapy

Online platform for booking therapy sessions

Grow Therapy

Online platform for booking therapy sessions

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