Weekly News Wire | May 19, 2020
Equity Funding For Mental Health Startups Reached $576 Million In The First Quarter Of 2020, Number Of Investments Grew 19% Over Previous Quarter
During the first quarter of 2020, $576 million in equity funding worldwide went to mental health startups, rising 400% from $115 million during the last quarter of 2019. There were 44 recorded deals involving mental health startups during the first quarter of 2020, up 18.9% from 37 in the last quarter of 2019. During the first quarter of 2019, there were 42 recorded deals in this sector with a value of $210 million.
Some of the companies involved in the first quarter 2020 investments were as follows:
Lyra Health received an investment of $75 million in March. The company . . .
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