Seven Starling, a digital ladies’s behavioral well being firm, introduced Tuesday that it raised $10.9 million in Collection A funding, which it’s going to use to assist extra ladies entry its providers.
Washington, D.C.-based Seven Starling is initially centered on maternal psychological well being (although it plans to increase to different phases of life down the road). Girls are often referred to the corporate by their OBGYN after which are paired up with a therapist who makes a speciality of perinatal psychological well being. Sufferers additionally get entry to group remedy, treatment administration providers, a affected person advocate and in-app content material and workout routines. 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, Enlarge 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 vital about this financing is that the majority 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 house is male-dominated.
Seven Starling is addressing an unmet want, based on RH Capital.
“We’re excited by the great and scalable choices, together with group remedy to increase 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 out there relative to want and am grateful to see Seven Starling filling that hole.”
With the financing, Seven Starling is targeted on increasing to extra sufferers. Whereas it at the moment works with most main business plans, it’s making ready to start out accepting Medicaid. It’s going to additionally increase 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 expertise, Beilinson Keshani stated.
At the moment, about one in 5 ladies battle a psychological well being or substance use dysfunction throughout the perinatal interval. But solely 20% of girls are screened for psychological well being points throughout this time, based on 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 via 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 ladies’s psychological well being house, Beilinson Keshani famous. The Biden-Harris Administration not too long ago introduced $27.5 million in funding for ladies’s behavioral well being. Seven Starling can be a part of a federal process pressure that shaped final 12 months 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 ladies’s behavioral well being providers and allow any girl that’s struggling to get the care that she deserves. And second is to scale back the stigma of getting and looking for assist,” she stated.
Different ladies’s psychological well being corporations embrace Mavida Well being and LunaJoy.
Photograph credit score: Knape, Getty Photos
