New York’s Handspring Health wraps up $6.2M to offer the right mental healthcare to kids

May 10, 2022 | 2 minutes read

Healthtech startup Handspring Health announces $6.2M seed funding to offer quality mental healthcare to children.

With the aim to offer top-notch mental healthcare accessible to families and children, the digital platform Handspring Health raises $6.2 million in seed funding. The seed funding round was co-led by Newark Venture Partners and NextView Ventures. Moreover, the platform also witnessed participation from Arkitekt Ventures, Quantum Angels, 25madison Ventures, and other prominent investors

The startup with an aim to deliver quality and evidence-based mental healthcare to everyone via virtual care modern clinics has successfully caught the eye of the investors.

Founded in 2021 by Sahil Choudhry and Kwasi Kyei, the startup is an omnichannel behavioral health center that delivers quality and affordable mental healthcare accessible to children and families. However, the platform will use the seed funding to speed up clinician hiring, launch payor partnerships, open modern clinics in New Jersey, improve patient experience, and expand to a new market. 

Sahil Choudhry CEO and co-founder of Handspring shared his concern regarding the mental healthcare of children and adults which convinced him to think about a better solution.  

“Today, 1 in 5 children in the US have a diagnosable mental health disorder. The healthcare system is failing our children, as systemic barriers have made it impossible for families to find care that’s accessible. When looking for care, families often face unaffordable rates that are not possible to cover with insurance or waitlists that are several months long. This is why we built Handspring.”

In a nutshell, the health tech startup is based on the model which

  • Prioritize patients by offering evidence-based mental healthcare
  • Contributes to a sustainable healthcare system
  • Treats the company’s clinicians as valuable assets

Joanne Lin, Principal at Newark Venture Partners shared:

“Handspring not only increases accessibility, availability, and affordability for families and children seeking mental health care – but what makes it truly different is that it stands to improve outcomes for its patients,”

The platform will use the seed funding to speed up clinician hiring, launch payor partnerships, open modern clinics in New Jersey, improve patient experience, and expand to a new market.