Digital medical 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 permits digital supervision and coordination of licensure necessities for psychological well being on the state stage, connecting them with medical supervisors to assist cut back the associated fee and time to attain and keep licensure for therapists.
The corporate’s founder, therapist Rachel McCrickard, began Motivo in 2017 to assist take away the obstacles she confronted when getting her personal license, when she was compelled to journey two hours to the closest supervisor.
Customers can browse Motivo’s listing of practically 1,000 vetted supervisors, with the power to filter by state, license kind and specialty space, then schedule a free introductory name.
As soon as they’ve matched with a supervisor, the supervision periods can start instantly via a tiered pay-as-you-go mannequin that may be custom-made in accordance with a gaggle’s measurement, or as a one-on-one choice.
Motivo’s platform features a back-end practice-management element for supervisors, together with different options for hours monitoring, safe documentation and cost.
The Atlanta-based startup has additionally shaped 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 12 months, psychological well being advantages startup Spring Well being expanded into household care via 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 companies to its Amazon Care providing, and through 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 essential we leverage know-how to take away pointless obstacles 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 buyers align with our mission and can assist speed up our progress, whereas additionally retaining a eager eye on the general high quality and affect we’re having on the psychological well being career.”
