AXIOS July 29, 2021
The positive social media response to Simone Biles withdrawing from Olympic competition highlights how the artificial line between health care and mental health care is finally beginning to dissolve. And startup investors have taken notice.
By the numbers: Venture capital investments in mental health startups rose 72.6% between Q1 2020 and Q1 2021, per CB Insights.
- GIMBHI reports that mental and behavioral health deals more than doubled between 2019 and 2020, and in Q1 2021, it accounted for 19% of all digital health funding.
Driver No. 1: Soaring customer demand, much of which has been driven by the pandemic, without adequate provider supply (particularly in non-urban areas). Not just among adults, but also for kids and teens.
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