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Menu Search * Home * News * Health Tech * Biopharma * Devices & Diagnostics * Consumer / Employer * Contributors * MedCity Influencers * MedCitizens * Events * Jobs * Research * About Us * Advertising * Contact us * Send Tips * Advertising * About * Twitter * Facebook * RSS * Subscribe via email X Close Signup Modal MEDCITY >> INBOX Get the latest industry news first when you subscribe to our daily newsletter. We will never sell or share your information without your consent. See our privacy policy. * Send Tips * Advertising * About * Twitter * Facebook * RSS * Subscribe via email MEDCITY NEWS SCIPHER MEDICINE’S BLOOD TEST SHOWS THE BENEFITS OF PRECISION MEDICINE IN RHEUMATOID ARTHRITIS DIGITAL COLLABORATION HERE TO STAY BEYOND PANDEMIC FOR MERCK, PFIZER, OTHERS PFIZER BOWS OUT OF DEVELOPING CARDIO DRUG, RETURNS RIGHTS TO IONIS PHARMACEUTICALS TWO FIRMS TEAM UP TO FACILITATE AT-HOME SCREENINGS TO PREVENT BLINDNESS WHO IS SPEAKING AT HLTH AND CHIME’S NEWEST CONFERENCE VIVE? TWO ANNOUNCEMENTS INVOLVING WALMART SHOW ITS GOAL TO PROVIDE CONVENIENCE TO EMPLOYEES/SHOPPERS BIOTECH FIRM LEVERAGING AI TO ANALYZE PROTEIN INTERACTIONS LAUNCHES WITH $40M SERIES A FUNDING 3 STRATEGIES FOR HOW PHYSICIANS CAN CARE FOR SENIORS IN 2022 CLINICAL TRIALS STARTUP COMES OUT OF STEALTH BY ANNOUNCING $27.5M FUNDING ROUND IN HIGHLY-VACCINATED VERMONT, COVID STRIKES BUT PACKS FAR LESS PUNCH COULD AI HELP SOLVE THE HEALTHCARE STAFFING CRISIS? ONE COMPANY THINKS SO CRITICS POINT TO RISING PRICES AS REASON FOR OPPOSING MASS GENERAL BRIGHAM’S EXPANSION THREE PHARMACY TRENDS THAT WILL DEFINE 2022 FROM HITECH TO SMART-ON-FHIR: WHERE DOES THE HEALTHCARE APP ECOSYSTEM STAND? DIAGNOSTIC STARTUPS: TIME IS RUNNING OUT TO APPLY TO INVEST PITCH PERFECT * News * Health Tech * BioPharma * Devices & Diagnostics * Consumer / Employer * Contributors * MedCity Influencers * MedCitizens * Events * INVEST * INVEST PharmaTech * INVEST Digital Health * INVEST Population Health * Jobs * Research Don’t miss MedCity INVEST 2022 – March 28-30 at the Ritz-Carlton Chicago Health Tech WITH $22M SERIES A FUNDING, MANTRA HEALTH LAUNCHES LONG-TERM MENTAL HEALTH PROGRAM FOR COLLEGE STUDENTS MANTRA HEALTH, WHICH PROVIDES DIGITAL MENTAL HEALTH TOOLS FOR UNIVERSITY STUDENTS, RAISED $22M IN A SERIES A FUNDING ROUND TO OFFER ITS EVIDENCE-BASED TELETHERAPY AND PSYCHIATRIC SERVICES TO PATIENTS WITH LONG TERM MENTAL HEALTH ISSUES. By Emma Bardin Post a comment / Jan 26, 2022 at 6:19 PM 0Shares Mental health startups had a stellar year last year with global investment in them jumping 139 percent to $5.5 billion, according to the 2021 State of Digital Health report from CB Insights. A majority of those deals were early stage. That phenomenon was repeated in the newest funding news that came last week from New York-based Mantra Health that announced its $22M series A funding round. The company, which helps students tackle mental health, also announced the launch of its digital mental health program for college students with long-term mental health issues. Promoted THE SUPPLY CHAIN CRISIS IS SPURRING COMPANIES TO TRANSFORM PRODUCTION AND SOURCING STRATEGIES TO REDUCE RISK The report, Resilience in volatility: Modernizing the supply chain, highlights three areas that Fortune 500 and mid-size companies need to address to implement technology such as machine learning, cloud computing and risk management tools to improve production and delivery. MedCity News and Microsoft VMG Partners led the round, with contributions from Alumni Ventures, Elements Health Ventures, New Market Venture Partners, and 14W. Additionally, Baleon Capital, Canaan Partners, City Light Capital, Global Founders Capital, and Western Tech Investments – all return investors – contributed to the round. Mantra will use the funding from this round to continue to develop its diverse provider network for its digital mental health clinic. A majority of Mantra providers identify as LGBTQ+ or BIPOC to provide culturally competent care, the press release said. The funds will help to develop Mantra’s clinical infrastructure and quadruple the team in the next twelve months, according to the news release. Mantra plans to reach a wide range of young adults, from those severely mentally ill to those with subacute illness. In addition, some of the funding from this round will go towards the Mantra College Mental Health Provider Diversity Scholarship, which started in June 2021. The scholarship supports graduate students with marginalized identities who are working towards a degree in the mental health fields. “We’re at the point of no return when it comes to mental health advocacy, and we immediately need support systems to address the rising mental health crisis among young adults,” said Ally Tam, partner at VMG Partners. “Mantra Health has emerged as the preferred provider for universities/colleges given their collaborative and tailored approach to delivering quality mental health for young adults and their unique campus lives. They’re a prime example of how specialization enables digital health companies to provide the best care possible through new forms of care and delivery models.” Promoted THE EMERGING GOLDEN ERA OF NEUROSCIENCE Bill Martin, the Global Therapeutic Area Head of Neuroscience at The Janssen Pharmaceutical Companies of Johnson & Johnson, shared some of the promising developments in the neuroscience space, such as the rise of neuro-immunology and the industry’s embrace of digital health tools to support drug development in a recent interview. Stephanie Baum Mantra offers a digital mental health clinic — including both therapy and psychiatry – for young adults that is affordable, culturally competent, and high-quality. In Fall 2020, Mantra released its Higher Education solution where Mantra partnered with colleges and universities to offer their mental health services to students. It was well received by college campus counseling centers due to its collaborative, evidence-based, quality approach to boosting students’ access to care and improved outcomes. “What sets Mantra apart is how focused they are on being an extension of your service. That feels unique in this space,” said Dr. David Walden, director of Hamilton College’s counseling center, which has used Mantra for almost a year and a half. “Most products you purchase are predicated on the idea of ‘this is what we offer’, but Mantra’s offering is predicated on ‘what do you offer, and how can we partner with you’. It feels like a real partnership.” Mantra’s program currently is aimed at both public and private colleges and universities. Customers include an array of campuses, from Massachusetts Institute of Technology to Miami Dade College to Penn State. To date, all colleges using Mantra’s program renewed their partnership, according to Mantra’s press release announcing their series A funding. Their telehealth psychiatry and therapy services are available to students nationally. “Mantra’s platform is very easy to use. The key thing with any collaboration platform is that it be intuitive. Clinicians have to navigate a variety of EMR platforms each day, and a system that requires multiple menus or steps to get where you want to go can be challenging,” Walden said. “We’ve found that the platform allows fairly seamless communication between clinicians on our staff and clinicians working for Mantra. All of the information is easily accessible and out in the open, which makes it easy to provide continuity of care. Clinicians can message each other and their clients, and can share information quickly and effectively.” Other companies, such as TimelyMD occupy the space, but do not have the focus on behavior health like Mantra does, according to an email with Ed Gaussen, CEO and co-founder of Mantra Health. Some digital mental health clinics have also raised large funding rounds, but do not have a specialized care model tailored to young adults, Gaussen commented. “Our mission is to become the category leader in young adult behavioral health. We work with schools of all shapes and sizes,” Gaussen said. “[Much] of our revenue comes from partnerships with Higher Ed institutions. Most of our patients are college students who receive sponsored care sessions by their school.” Photo: Getty Images 0Shares TOPICS behavioral health, Mantra Health, Mental Health HEAR THE LATEST INDUSTRY NEWS FIRST. SIGN UP FOR OUR DAILY NEWSLETTER. We will never sell or share your information without your consent. See our privacy policy. Promoted HOW TO FIND PAPERS WHEN YOU DON’T HAVE A LIBRARY For researchers who aren’t affiliated with an academic library, finding scientific papers can be time-consuming and expensive—and organizing and sharing them with co-workers can be even harder. A new tool by DeepDyve looks to help researchers address this gap. DeepDyve Digital Library Team MEDCITY INVEST 2022 JOIN US AT MEDCITY INVEST 2022 MedCity INVEST, held March 28-30, 2022 at the Ritz-Carlton Chicago, is the premier national healthcare investing conference based in the Midwest, uniting active investors with corporate business development executives to facilitate investment opportunities with the most promising healthcare startups. Reserve your spot now.>> GOT NEWS? SEND US A TIP MEDCITY >> INBOX Get the latest industry news first when you subscribe to our newsletter. We will never sell or share your information without your consent. See our privacy policy. Promoted MEDICAL-COMMERCIAL COLLABORATING TO WIN IN THE DIGITAL ERA It’s clear that life science companies need to transform their approach to be much more collaborative in the way they work with healthcare professionals. Microsoft and MedCity News × HEAR THE LATEST INDUSTRY NEWS FIRST. 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