Daybreak Health, an online mental health platform for teens, raised $1.8 million in a Seed funding round led by Maven Ventures. With this current round, the company plans to expand its clinical and software engineering team further to increase its reach within California and expand into additional states.
Founded in 2019, the Daybreak Health platform matches teens with expert counselors based on their needs and connects them to counselors through their teen-friendly app and live online video sessions.
Daybreak Health provides counseling for teens and supports parents through regular check-ins and updates on their teen’s progress. Additionally, the company partners with pediatric healthcare providers and schools to ensure health care professionals, student counselors, and educators can refer Daybreak Health’s clinically validated program to families.
Alex Alvarado, co-founder, and CEO of Daybreak Health, said: “You can’t approach teen mental health the way you would with adults – young people have a completely unique perspective on life that requires specialized, accessible counselors who provide privacy and independence to teens without excluding parents. At Daybreak, our leadership team is personally connected to the cause, and we hope to one day see a world where mental health is treated no differently than any other form of preventative care. This funding puts us in a position to expand our reach to more families and accomplish our most important goal – making sure teens have the judgment-free, evidence-based mental health support they need”.
“We’re thrilled to be partnering with Alex and Daybreak Health to solve a massive issue for teens and parents today. We’re excited that Daybreak is removing barriers to help teens effectively overcome depression, anxiety, and other mental health challenges, issues that have unfortunately been exacerbated through the current pandemic”, commented Jim Scheinman, founding managing partner at Maven Ventures.
According to Mercom funding data, digital mental health startups have raised over $1 billion in 2020. Recently, Valera Health, digital mental health services provider, closed a $3.8 million round.