A Cairo-based healthtech startup focused on providing mental health services in the Middle East and North Africa (MENA) has just secured one of the largest investment rounds for its sector in the region.
O7 Therapy – a digital platform and smartphone app that specialises in online therapy, corporate wellness programmes, and psychoeducational resources for “Arabic-speaking users” – has raised a...
NexStem, a robotics startup based in Palo Alto, California with a R&D team in India, is set to roll out across Asia-Pacific, Europe and the United States its headset that can be controlled by a user's thoughts.
The launch comes as the company has received funding from angel investors like BITS Spark and Indian internet company InfoEdge for an undisclosed amount.
WHAT IT'S FOR
NexStem offers...
Drug discovery startup ArrePath announced Thursday it has raised $20 million in a seed funding round led by the Boehringer Ingelheim Venture Fund, Insight Partners and Innospark Ventures.
Other participants in the round include Viva BioInnovator, Arimed Capital, PTX Capital and Nor’easter Ventures. The company, which focuses on developing new types of anti-infective drugs to best antimicrobial...
Mental health technology funding soared last year, with companies bringing in $5.5 billion globally across 324 deals, according to CBInsights' State of Mental Health Tech 2021 Report.
That amounts to a 139% climb from 2020, when startups scooped up $2.3 billion across 258 deals.
"As the pandemic continued to exacerbate mental health issues (such as anxiety and depression), there was growth in...
Mental health startup heyy has raised $555,000 in a pre-seed funding round led by Wavemaker Partners, an early-stage institutional investor from Southeast Asia.
The investing round was also joined by angel investors, such as Sairee Chahal of Sheroes and Anjan Bhojarajan of HealthifyMe.
WHAT IT DOES
Launched last year, the startup operates an app that provides preventive mental health care for...
Computer-assisted cognitive behavioral therapy improved depression symptoms in primary care patients compared with just treatment as usual, according to a study published in JAMA Network Open.
One study author reported having equity interest in, and consulting with, the company that distributed the computer program used in the research. The study was funded by a grant from the Agency for...
Holmusk signs tech use with US-based mental healthcare provider
US-based Metrocare Services has signed an agreement with Holmusk, a behavioural health tech provider from Singapore, to use its real-world data platform in enhancing mental health care.
Metrocare is a leading provider of mental health and developmental disability services in Texas.
The deal is for the use of NeuroBlu, a data...
VR maker Jolly Good and Otsuka Pharmaceutical have signed an exclusive product development and sales deal to expand the use of social skill training VR in treating mental disorders in Japan.
The deal worth 5 billion yen ($43.7 million) will see Jolly Good delivering VR goggles and tablet devices and SST VR content. Otsuka will be compensating its partner for sales made at healthcare facilities,...
Stress and wellness app Calm announced Wednesday it has acquired Ripple Health Group, a health tech company that makes apps for care coordination and condition management.
As part of the deal, Ripple CEO David Ko will join Calm as co-CEO alongside Michael Acton Smith. Calm cofounder and co-CEO Alex Tew will become executive chairman.
Ripple's current apps include CareMemo, which allows patients...
Tech-enabled psychiatric care startup Talkiatry has wrapped up its $37 million Series A financing round.
The company announced it had raised $20 million in funding in July. Left Lane Capital, which also participated last year, contributed the additional $17 million.
Other investors in the mental health startup include CityMD founder Dr. Richard Park, Sikwoo Capital Partners and Relevance Ventures...
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