Synapticure

Synapticure

Telehealth services for neurodegenerative diseases

About Synapticure

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

Industries

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$31M

Headquarters

Chicago, Illinois

Founded

2019

Overview

Synapticure offers virtual healthcare for individuals and caregivers dealing with neurodegenerative diseases like ALS, Alzheimer’s, Huntington's, and Parkinson’s. Patients can access neurologists and behavioral health providers through telehealth, allowing them to receive care from home, which is especially beneficial for those with mobility issues. The company also provides integrated behavioral health services to address the emotional challenges of these conditions. Co-founders Brian Wallach and Sandra Abrevaya, who have personal experience with ALS, ensure that the services are empathetic and informed by the latest scientific research.

YC Company
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Simplify's Take

What believers are saying

  • Synapticure raised $25M in Series A funding to expand its virtual care services.
  • Partnership with The Michael J. Fox Foundation enhances patient engagement and access to care.
  • Telehealth reimbursement policies expansion makes virtual care more accessible and financially viable.

What critics are saying

  • Increased competition from well-funded startups like Cortica could impact market share.
  • Rapid expansion into additional conditions may strain resources and affect service quality.
  • Reliance on partnerships for expansion could pose risks if they don't materialize.

What makes Synapticure unique

  • Synapticure offers 24/7 access to neurologists and behavioral health providers via telehealth.
  • The company integrates behavioral health services for neurodegenerative disease patients and caregivers.
  • Co-founders' personal experience with ALS adds empathy and understanding to their services.

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Funding

Total Funding

$31M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
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
$25M
Synapticure
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Remote Work Options

Home Office Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-4%

2 year growth

-1%
Modern Healthcare
Nov 21st, 2024
Top digital health funding: Morgan Health backs autism startup

In April 2023, Cortica received $75 million in a Series D funding round led by Optum Ventures.

Finsmes
Nov 20th, 2024
Synapticure Raises $25M Series A

Synapticure, a Chicago, IL-based virtual care company dedicated to improving access and outcomes for patients and caregivers living with Alzheimer's and related dementias, Parkinson's, and other neurodegenerative diseases, raised $25M in Series A funding

Endpoints News
Nov 15th, 2024
SynaptiCure Raises $25M for Virtual Care

SynaptiCure has raised $25 million for its virtual approach to neurodegenerative disease care.

BioSpace
Oct 5th, 2023
National Institutes Of Health Awards $45.1 Million Ninds Grant For Cnm-Au8® Study In Alsfunding To Support Research And Expanded Access Of Investigational Drug In Als

SALT LAKE CITY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Clene Inc. (Nasdaq: CLNN), through its wholly owned subsidiary Clene Nanomedicine Inc. in collaboration with Columbia University and Synapticure, has been awarded a four-year grant totaling $45.1 million from the National Institute of Neurological Disorders and Stroke (NINDS), a division of the National Institutes of Health (NIH), to support an Expanded Access Protocol (EAP) for the Company’s investigational drug, CNM-Au8®, in amyotrophic lateral sclerosis (ALS). An EAP is also referred to as Compassionate Use and is an FDA-regulated pathway that allows people with a serious and life-threatening disease to access an investigational drug that is not yet approved by the U.S. Food and Drug Administration (FDA)

Yahoo Finance
Sep 6th, 2023
Synapticure Welcomes Joe Leinbach As Chief Operating Officer And Expands Coverage To Additional Neurological Conditions

As the first nationwide virtual clinic specializing in neurodegenerative disease, Synapticure scales leadership team to meet the rapidly growing needs of patients, payers and providersCHICAGO, Sept. 6, 2023 /PRNewswire/ -- Synapticure , a virtual clinic transforming treatment and outcomes for individuals and their caregivers living with neurodegenerative diseases, announced Joe Leinbach has joined as the company's first Chief Operating Officer. Leinbach joins at a critical time for the company's expansion into additional neurodegenerative conditions including Alzheimer's and related Dementias, while creating new ways to expand patient access through innovative partnerships with health systems and health plans.A veteran of early stage value-based care innovators, Leinbach has driven growth and operational success in leadership roles at Cityblock Health and Evolent Health. His background includes scaling operations to serve individuals with complex physical and behavioral health needs, and structuring partnerships with payers and providers to improve patient costs and outcomes. Joe will lead the company's next phase of growth and efforts to implement innovative models that directly benefit patients and partners.Founded in 2021 by Brian Wallach and Sandra Abrevaya, the co-founders of I AM ALS , Synapticure's care teams now provide services to all 50 states + DC, providing specialized neurology care, integrated behavioral health, and care coordination to help patients and their caregivers navigate the complexities of neurodegenerative diseases. Through proactive, patient-centered support, Synapticure's patients have enrolled in clinical trials they otherwise wouldn't have accessed, were prescribed new medications and supplements changing their quality of life, avoided costly hospitalizations and ER visits, and received support for issues with medical equipment, insurance benefits and other care needs.Story continues"We've proven that patients and caregivers love working with Synapticure's specialized neurologists, as shown by our incredible NPS (Net Promoter Score) of 95

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