Mercom Capital Group April 1, 2021
Mental Health apps have raised over $4 billion since 2011
Venture funding has increased substantially in digital mental health apps (focused on behavioral health, depression, anxiety, isolation, and stress) with $1.2 billion during 2020, a 50% increase compared to $800 million raised in 2019, according to Mercom’s digital health funding data.
According to a Centers for Disease Control and Prevention report, mental health among the population has been negatively impacted by the COVID-19 pandemic. The report found that during August 2020-February 2021, the number of people who experienced symptoms of anxiety or a depressive disorder (due to pandemic) increased from 36.4% to 41.5%, and the percentage of those reporting unmet mental healthcare needs increased from 9.2% to 11.7%.
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