New $36M financing underscores popularity in mental health startup investing
Americans have always had to struggle with various drug addictions: the opioid crisis being the latest substance abuse scare, along with heroin usage, which just hit a 20-yr high. At the same time, the number of people suffering with chronic conditions is climbing. It’s enough to send us all to therapy to deal with these stressful situations. And it’s no wonder mental health investments are on the rise. AbleTo, which provides tech-based behavioral health solutions, is the latest to get attention, landing $36.6 million in Series D funding, led by Bain Capital Ventures, with Aetna, .406 Ventures, Sandbox Industries, HLM Venture Partners, and Horizon Healthcare Services, Inc. rounding out the list of participants. AbleTo’s focus is specifically to address employees suffering … [Read more]