What is Silvercloud Health?
Silvercloud Health, founded in 2012 and headquartered in Boston, Massachusetts, provides comprehensive digital behavioral healthcare solutions. The company offers online programs designed to address a wide spectrum of mental health conditions, leveraging technology to enhance accessibility and efficacy in care delivery. Its offerings cater to individuals seeking support for various mental health challenges, positioning Silvercloud Health as a key player in the evolving landscape of digital therapeutics and mental wellness.
How much funding has Silvercloud Health raised?
Silvercloud Health has raised a total of $24.1M across 2 funding rounds:
Series A
$8.1M
Series B
$16M
Series A (2017): $8.1M with participation from B Capital Group
Series B (2020): $16M led by MemorialCare, B Capital Group, UnityPoint Health Ventures, Act Venture Capital, OSF Ventures, and LRVHealth
Key Investors in Silvercloud Health
B Capital Group
B Capital Group is a venture capital firm focused on early and late-stage companies in Technology, Healthcare, and Climate. With substantial assets under management, they support founders throughout the company-building lifecycle, driving innovation and scaling impactful solutions globally.
MemorialCare
MemorialCare is a healthcare provider with a long history, operating primary hospitals and numerous outpatient facilities. Their investment in Silvercloud Health suggests a strategic interest in integrating digital behavioral health solutions within traditional healthcare systems.
LRVHealth
LRVHealth is a venture capital firm specializing in disruptive digital health, devices, and diagnostic companies. Their investment indicates a focus on innovative digital solutions that can transform healthcare delivery and patient outcomes.
What's next for Silvercloud Health?
The recent major strategic investment signifies a pivotal moment for Silvercloud Health, likely enabling the company to accelerate its expansion, enhance its platform capabilities, and broaden its market reach. This capital infusion is expected to fuel further innovation in digital behavioral health solutions, potentially leading to new program development and strategic partnerships. The company's trajectory suggests a focus on scaling its operations to meet the growing demand for accessible mental healthcare services.
See full Silvercloud Health company page
