Seven Starling, a digital girls’s behavioral well being firm, introduced Tuesday that it raised $10.9 million in Collection A funding, which it’ll use to assist extra girls entry its providers.
Washington, D.C.-based Seven Starling is initially centered on maternal psychological well being (although it plans to develop to different phases of life down the road). Ladies are often referred to the corporate by their OBGYN after which are paired up with a therapist who focuses on perinatal psychological well being. Sufferers additionally get entry to group remedy, treatment administration providers, a affected person advocate and in-app content material and workouts. The corporate is in community with most main business plans, together with UnitedHealthcare, Aetna and Cigna.
The Collection A funding spherical was led by RH Capital and included participation from Pear VC, Expa, Amplify Ventures, Emerson Collective, Inflect Well being, Zeal Capital Companions, Ulu Ventures, Fiore Ventures, the March of Dimes, Rogue Enterprise Companions, Graham & Walker and Knowledge Ventures. In whole, Seven Starling has raised $14.3 million.
What’s important about this financing is that almost all of Seven Starling’s traders are feminine and the corporate has an all-female board, stated Tina Beilinson Keshani, co-founder and CEO of Seven Starling. This comes at a time when the enterprise capital area is male-dominated.
Seven Starling is addressing an unmet want, in accordance with RH Capital.
“We’re excited by the great and scalable choices, together with group remedy to develop entry,” stated Alice Zheng, MD, principal at RH Capital, in an announcement. “As a current mother of two myself, I’ve been shocked by the dearth of perinatal psychological well being assist obtainable relative to wish and am grateful to see Seven Starling filling that hole.”
With the financing, Seven Starling is concentrated on increasing to extra sufferers. Whereas it at the moment works with most main business plans, it’s making ready to begin accepting Medicaid. It’ll additionally develop to 10 to fifteen extra states. It at the moment operates in Maryland, Virginia, Texas, New York and Washington D.C. As well as, the funding will assist Seven Starling construct out its engineering crew and know-how, Beilinson Keshani stated.
At present, about one in 5 girls battle a psychological well being or substance use dysfunction through the perinatal interval. But solely 20% of ladies are screened for psychological well being points throughout this time, in accordance with Beilinson Keshani, who has skilled her personal psychological well being challenges.
“I’m a mother myself,” she stated in an interview. “I’m additionally newly postpartum. I’ve gone by way of the ups and downs of the motherhood journey with being pregnant, miscarriage, postpartum and I’m additionally grateful to have Seven Starling as a useful resource for myself.”
There may be some enchancment within the girls’s psychological well being area, Beilinson Keshani famous. The Biden-Harris Administration lately introduced $27.5 million in funding for ladies’s behavioral well being. Seven Starling can be a part of a federal activity drive that shaped final yr to enhance maternal psychological well being within the U.S.
Finally, Beilinson Keshani’s mission with Seven Starling is two-fold.
“Primary, it’s to drive entry to girls’s behavioral well being providers and allow any girl that’s struggling to get the care that she deserves. And second is to cut back the stigma of getting and in search of assist,” she stated.
Different girls’s psychological well being corporations embody Mavida Well being and LunaJoy.
Picture credit score: Knape, Getty Photographs
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Seven Starling Secures $10.9M To Improve Access to Women’s Mental Health
