Mental health treatment app provider SilverCloud Health has now raised more than $30m, having spun out of Trinity College Dublin in 2012.
SilverCloud Health, a US-based digital mental health platform spun out of Trinity College Dublin, has raised $16m in a series B round led by MemorialCare Innovation Fund, the investment vehicle of medical care provider MemorialCare Health System.
UnityPoint Health Ventures and OSF Ventures – respective corporate venturing arms of healthcare providers UnityPoint Health and OSF HealthCare – took part in the round alongside LRVHealth, B Capital Group and Act Venture Capital.
Founded in 2012, SilverCloud’s platform provides access to more than 30 clinically-validated digital treatments for mental health conditions such as depression and substance addiction.
The platform is available through more than 300 organisations, including more than 70% of mental health capacity in the UK’s National Health Service, as well as MemorialCare, UnityPoint, OSF and certain health systems that have backed LRVHealth.
The cash will be allocated to additional clinical research as SilverCloud aims to drive…
