Joon Care, provider of a teletherapy platform for mental health exclusively for teens and young adults ages 13-24, raised $3.5 million.
Route 66 Ventures led the financing, with participation from PSL Ventures, Vulcan Capital, and strategic angels.
The clinical team at Joon treats various mental health disorders such as anxiety, depression, stress, and related conditions via a mobile app and therapist platform that is purpose-built to support and empower young minds.
As soon as the company spun out in April 2020 from startup studio Pioneer Square Labs under the name UpLift, started counseling clients from the ages 13-24 in Washington State using an evidence-based, skills-focused approach that is personalized for each client.
With the present round of funding, Joon is expanding its solutions to California, Washington, and Oregon and further to other states by 2021.
According to co-founder and CEO Josh Herst: “Joon’s mission is to make high-quality mental health care accessible to teens and young adults everywhere. Unfortunately, as a result of COVID-19, over 70% of teens and young adults are now reporting clinically significant levels of anxiety, depression, and loneliness. The need for available mental health care has never been greater”.
According to the National Institute of Mental Health, there are over 50 million teens and young adults between the ages of 13 and 24 in the U.S. experiencing anxiety, depression, or other mental health disorders. As per the CDC, the mental health burden this age group faces are so high that suicide is now the second-leading cause of death among teens and young adults.
According to Mercom funding data, digital mental care startups have raised almost $1 billion in the past five years. Recently similar mental healthcare provider Togetherall secured $10 million in growth investment.
Image credit: Joon Care