Caraway, a digital care startup targeted on offering psychological, bodily and reproductive healthcare for Technology Z, has secured $16.75 million in Sequence A funding led by Maveron and GV.
Present traders 7wireVentures and Hopelab Ventures additionally participated within the spherical alongside Wellington Entry Ventures, Ingeborg Investments and The Enterprise Collective.
OMERS Ventures was a seed stage investor and can stay on Caraway’s board of administrators.
WHAT THEY DO
The New York-based startup gives college-age ladies and different people assigned feminine at start a care workforce made up of reproductive care, psychological well being, and bodily well being professionals. Sufferers can entry care by way of the corporate’s app, like chatting with a health care provider or nurse practitioner, connecting with a therapist by way of chat and digital appointments, getting referrals to in-person care and ordering residence exams for STIs.
The corporate gives digital care companies in California, New York, North Carolina and Ohio and introduced its growth to Illinois, Massachusetts, Colorado, Michigan, Pennsylvania and New Jersey.
Caraway will use the funds to increase its platform and scale its companies.
“What Lori and all the Caraway workforce have achieved in such a brief time frame is compelling,” Alyssa Jaffee, companion at 7wireVentures, mentioned in a press release. “Now greater than ever, a renewed concentrate on selling and supporting the basic healthcare rights of ladies is essential. Caraway is already making an actual distinction within the well being of younger ladies, these AFAB, and by offering customized look after all. With this new funding spherical and the addition of robust like-minded traders, Caraway will meaningfully increase their means to serve extra well being customers throughout the nation.”
MARKET SNAPSHOT
Final yr, the corporate scored $10.5 million in seed funding to launch its digital care providing.
Different digital well being corporations targeted on school college students embody Mantra Health, which gives a behavioral well being instrument with teletherapy for people with bipolar dysfunction. Mantra is ready to combine with College Well being Providers to make a collaborative mannequin. In 2022, the corporate raised $22 million in Series A funding.
Boston-based firm Uwill companions with faculties to offer college students on-demand digital entry to licensed therapists and suppliers skilled in disaster counseling. College students can attend on-line wellness occasions by way of the corporate’s psychological health-and-wellness app. It accomplished a $30 million Series A funding round led by Schooling Development Companions in Might.
