Portfolio News

Companies are grappling with how to support tired, anxious workers. Startups that say they can help

As Americans’ mental health suffers in the wake of the coronavirus pandemic, startups addressing mental health issues are doing very well. A survey by the CDC found that 39 percent of respondents living in the U.S. showed signs of anxiety or depression during the first week of July, a 400 percent increase since this time last year. Another survey by mental health startup Lyra Health and the National Alliance of Healthcare Purchaser Coalitions indicated that more than 80 percent of its respondents said they experienced mental...

Men’s wellness startup Hims rolls out telepsychiatry

Once upon a time, Hims was just another men’s wellness company offering hair loss and ED treatments, mail-order supplements, and other health tools. But with the onset of the COVID-19 pandemic, the company accelerated its plans to launch virtual primary care and mental health care. In April, Hims began offering anonymous group therapy sessions through its website. Now the company is expanding its mental health care options again. It has added telehealth psychiatry consultation, starting with patients in New York and California and expanding to other...

Startups talk about what it’s like to raise money in a pandemic

You might think it would be hard for a digital health startup to raise money in a pandemic, but judging from recent reports, that’s simply not the case. MedCity News recently spoke to the CEOs of Evidation and BrightInsight, two startups that have recently announced funding rounds amid the worsening COVID-19 pandemic. At the beginning of July, Evidation raised a $45 million Series D round led by B Capital with participation from several other investors including McKesson Ventures; and on June 23, BrightInsight announced the close...

Diversity in Digital Health

Rock Health and Dr. Ivor Horn, former Chief Medical Officer at Accolade, have partnered on a new research initiative on diversity in digital health. Dr. Horn is working on an ongoing basis as an academic and pediatrician to address inequities in healthcare. “Right now, there is no means of baselining the racial and ethnic diversity of leadership at digital health startups,” the Rock Health team wrote. The initiative will include a national survey for leaders of healthcare technology startups that will capture and report aggregate data...

The Forward Momentum Coalition Aims to Increase Diversity in Research and Develop New Digital Resources for Men with Prostate Cancer

BlackDoctor.org, Evidation Health, Movember, and Myovant Sciences have launched Forward Momentum, a coalition working on innovative projects to increase diversity in research and develop new digital resources for men with prostate cancer. Prostate cancer is the second most prevalent form of cancer and second leading cause of cancer death in U.S. men, and Black men are twice as likely to die from the disease. Even though a lot of progress has been made in the diagnosis and treatment of prostate cancer, the Forward Momentum coalition believes...