Elemy, which provides in-home and online applied behavior analysis services, raised $219 million in Series B funding. The company plans to expand its staff and to expand into new areas of behavioral care.
The company launched operations in 2020 with $10 million in seed funding. It was initially called “Sprout Therapy,” but later changed its name to Elemy. It raised $40 million in Series A funding. The Series B investors included SoftBank Vision Fund 2, with participation from Goodwater Capital Premji Invest, Amity Ventures, Avidity Partners, Metrodora Ventures, Sound Ventures and Whale Rock Capital; and existing investors. The Series A investors are: Bling Capital, Felicis Ventures, Founders Fund, General Catalyst, Headline, SignalFire, Bill Ackman’s TABLE Management, and 8VC.
Elemy has more than offices in 46 cities in 15 states (California, Colorado, Florida, Georgia, Illinois, Indiana, Massachusetts, Missouri, New Jersey, Ohio, Pennsylvania, Texas, and Washington. Its platform helps parents navigate the autism diagnosis process and arrange for in-home behavioral therapy with a local ABA professional. The company’s technology helps clinical professionals track milestones and progress in one place.
This was reported by mobihealthnews on October 11, 2021.