Psychological well being platform UpLift acquires women-focused firm Minded

Psychological well being startup UpLift introduced it acquired women-focused digital psychiatry platform Minded, growing its women-led choices and increasing its attain to 5 extra states. 

UpLift’s behavioral well being platform provides sufferers entry to in-network therapists and psychological well being suppliers nearly or in individual. Therapists may also use the platform to search out shoppers and handle their schedules. 

Minded is a telehealth firm that gives psychological healthcare for ladies and medicine administration.  

Earlier than the acquisition, UpLift was out there in Maryland, Virginia, Florida, New Jersey and Washington, D.C. 

Collectively, the New York-based corporations will permit California, Illinois, Pennsylvania, New York and Texas residents to entry Uplift’s platform, which can now embody team-based remedy and psychiatric care. UpLift goals to proceed its enlargement nationally. 

“Since our founding, we’ve improved the lives of over 11,000 sufferers by delivering evidence-based therapy by way of our distinctive, team-based psychotherapy and psychiatric care mannequin,” Kyle Talcott, CEO and founding father of UpLift, instructed Our blogNews in an e mail. 

“The acquisition of Minded helps us attain extra folks sooner, accelerating our skill to broaden nationally and thru a number of new insurance coverage contracts. We now have the respect of continuous to take care of Minded’s sufferers whereas providing them in-network psychotherapy for the primary time.” 

THE LARGER TREND

In 2019, Uplift landed $1 million in seed funding and scored $8 million two years later. Earlier this 12 months, the psychological well being platform raised $10.7 million in Collection A funding.

Final 12 months, women-focused Minded introduced it acquired $25 million in seed funding.

Multiple in 5 adults dwell with a psychological sickness within the U.S., and findings from the 2022 KFF Girls’s Well being Survey confirmed extra ladies, 50%, relayed that they wanted psychological well being companies previously two years in contrast with males, at 35%. 

Different corporations in search of to enhance entry to psychological healthcare are digital behavioral well being startup Headspace Care, previously often known as Ginger, and Caraway, a digital care startup centered on offering Era Z psychological, bodily and reproductive healthcare.