Tech-enabled mental health platform Headlight announced its launch alongside $18 million in funding led by Matrix and EPIC Ventures.
Headlight’s CEO is Geoff Swindle, former business chief of PillPack and Amazon Pharmacy.
California-based mental health company offers network access to patients for treatment of ADHD, anxiety, bipolar disorder, acute stress disorder, depression, panic disorder, gender identity disorder, obsessive-compulsive disorder, PTSD, trauma , phobias, postpartum depression, relationship concerns, insomnia, and seasonal affective disorder.
The company says its organizational structure aims to improve the experience of doctors and patients. All clinicians are W-2 employees, have a say in key company decisions, and collaboration is encouraged among clinical staff.
Headlight will use the funding to expand its reach nationally and add new licensed therapists to its team.
“Despite a proliferation of virtual services, 60% of US adults who have sought mental health services still struggle to meet the most basic need: a qualified clinician who accepts their insurance and understands their unique situation,” Swindle said in a statement. “Beacons focuses on helping patients go from initial interest in counseling to a therapist and prescriber tailored faster and with less friction than existing options.”
UK-based SaaS lifestyle monitoring technology company Lilli raised £8.2 million ($10.3 million) in a Series A funding round led by West Hill Capital.
Lilli uses AI and machine learning technology to find user patterns and trends to give healthcare providers insights into one’s well-being and life at home.
The company will use the funding to support its growth in the public and private health sector in the UK and internationally and explore how it can further build its AI. The investment will also support the launch of a friends-and-family version of its app.
“West Hill is delighted to have led the second consecutive oversubscribed funding round for Lilli from 2021, which demonstrates continued and growing interest in the company in today’s market. The business is on an exciting growth trajectory and winning multiple contracts in a row,” Mark Hickson, managing partner at West Hill, said in a statement.
“Lilli’s data-driven digital healthcare platform has the potential to revolutionize the way social care is delivered, using innovative technology to deliver significant productivity gains and cost savings for local authorities and healthcare providers.”
Essence, a femtech company that focuses on women in the workforce, announced that it secured $600,000 in an angel round.
Davidovs VC, Berkeley SkyDeck Fund, Growing Well Partners and angel investors Elena Zhigalina, Ksenia Kapoor, Eugenia Dunaeva, Elena Enache, Jana Gashkova and Konstantin Sinyushin participated in the round.
The Essence app is an AI-powered offering focused on helping female employees optimize their fitness routines, diets and schedules according to each phase of the hormonal cycle.
The company will use the funding to improve its app, research the link between the menstrual cycle and productivity, and attract new customers.
“Femtech is a hugely underrated and impact-driven market, and half the world’s population are potential users,” Elina Vale, co-founder and CEO of Essence App, said in a statement.
“Menstrual health is the missing piece of the puzzle in improving women’s well-being. Cycle-related symptoms are still a real struggle for hundreds of millions. The Essence app provides a valuable digital tool for companies, helping businesses adjust their environments their work and provide tailored support to those who need it”.