What is Silvercloud Health?
Founded in 2012 and headquartered in Boston, Massachusetts, Silvercloud Health offers comprehensive digital behavioral healthcare solutions. Their platform provides online programs designed to treat a variety of mental health conditions, making mental wellness more accessible. The company's approach integrates technology with evidence-based therapeutic practices to support individuals in managing their mental health effectively. This focus on scalable digital interventions positions Silvercloud Health as a key player in the evolving landscape of healthcare delivery.
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 OSF Ventures, MemorialCare, B Capital Group, Act Venture Capital, UnityPoint Health Ventures, and LRVHealth
Key Investors in Silvercloud Health
B Capital Group
B Capital Group is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors. With over $8 billion in assets under management and a portfolio comprising more than 190 companies, B Capital aims to support founders throughout the company-building lifecycle.
LRVHealth
LRVHealth is a venture capital firm focused on finding, investing in, and building disruptive new digital health, devices, and diagnostic companies. The company was founded in 2000 and is based in Boston, Massachusetts.
MemorialCare
Founded in 1907, MemorialCare is a hospital that operates primary hospitals and multiple outpatient facilities and programs. They are located in Long Beach, California.
What's next for Silvercloud Health?
With the recent infusion of capital, Silvercloud Health is poised for accelerated expansion and further development of its digital behavioral health offerings. The major strategic investment suggests a focus on scaling operations, enhancing technological capabilities, and potentially broadening its market reach. This funding will likely enable the company to deepen its impact in addressing mental health needs, further solidifying its position as a leader in the digital therapeutics space. Future initiatives may include expanding program offerings, forging new partnerships, and enhancing user experience to meet the growing demand for accessible mental healthcare solutions.
See full Silvercloud Health company page
