Digital scientific supervision platform Motivo Well being raised $14 million in a Sequence A funding spherical led by long-term investor Cox Enterprises, with participation from SteelSky Ventures and Nice Oaks Enterprise Capital.
Motivo allows digital supervision and coordination of licensure necessities for psychological well being on the state degree, connecting them with scientific supervisors to assist scale back the price and time to attain and preserve licensure for therapists.
The corporate’s founder, therapist Rachel McCrickard, began Motivo in 2017 to assist take away the boundaries she confronted when getting her personal license, when she was pressured to journey two hours to the closest supervisor.
Customers can browse Motivo’s listing of almost 1,000 vetted supervisors, with the flexibility to filter by state, license sort and specialty space, then schedule a free introductory name.
As soon as they’ve matched with a supervisor, the supervision periods can start instantly by means of a tiered pay-as-you-go mannequin that may be personalized in accordance with a bunch’s measurement, or as a one-on-one possibility.
Motivo’s platform features a back-end practice-management part for supervisors, together with different options for hours monitoring, safe documentation and fee.
The Atlanta-based startup has additionally fashioned partnerships with the American Counseling Affiliation and the American Affiliation for Marriage and Household Remedy (AAMFT), and recorded a $2.2 million seed funding spherical in December 2019, additionally led by Cox Enterprises.
THE LARGER TREND
Startups within the psychological well being area proceed to obtain funding, together with psychological well being chatbot Wysa, which in July scored $20 million in a Sequence B financing spherical led by HealthQuad.
That very same month, teletherapy startup Smart Care raised $13 million in a Sequence A funding spherical and plans to make use of the funds to broaden to states with giant TRICARE populations, like Texas, Florida and Virginia.
Earlier this yr, psychological well being advantages startup Spring Well being expanded into household care by means of a partnership with Weldon that gives chats with therapists, social staff and parenting coaches, in addition to group help and academic content material.
It isn’t simply startups. Amazon plans so as to add behavioral well being providers to its Amazon Care providing, and by way of a partnership with digital psychological well being firm Ginger.
ON THE RECORD
“At a time when our society wants high quality psychological well being suppliers, it’s vital we leverage know-how to take away pointless boundaries within the licensure course of,” McCrickard mentioned in an announcement.
“We’re thrilled to deepen our partnership with Cox Enterprises, SteelSky Ventures and others. Our traders align with our mission and can assist speed up our progress, whereas additionally preserving a eager eye on the general high quality and influence we’re having on the psychological well being career.”