Behavioral Health Business April 22, 2024
When it comes to digital health investing, it’s feast or famine for behavioral providers, driving some startups to make tough choices.
In 2021, there was a massive influx of venture capital dollars pouring into the behavioral health space by firms eager to be part of the move to a more virtual future. Still, in the years since, there has been a slowdown of capital moving into the space, which has left some providers in a tough spot.
Bicycle Health’s recent layoffs illustrate today’s stark contrast in the digital behavioral health investment space.
On March 12, Bicycle Health told employees that the virtual addiction treatment provider would lay off 15% of its staff.
In an email obtained by Behavioral Health Business,...
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