Pediatric mental health provider InStride Health has secured $30 million in Series B funding, bringing their total funding to $56 million. General Catalyst led the round, with participation from .406 Ventures, Valtruis, Mass General Brigham Ventures, and the Hopelab Foundation. This new investment fuels InStride’s mission to expand access to high-quality behavioral healthcare for children and teenagers struggling with anxiety and obsessive-compulsive disorder (OCD).
“We believe InStride is at the forefront of democratizing accessible, high-quality behavioral health care,” stated Candace Richardson, partner at General Catalyst. “Their unique clinical model and innovative approach to delivering care is commendable, and we’re excited to support their growth.”
InStride leverages a virtual platform to deliver comprehensive care plans for children and teens. Their care teams, comprised of a psychiatrist, therapist, and exposure coach, work together to provide a holistic approach to treatment. Patients benefit from one-on-one therapy, group therapy, coaching sessions, and medication management, all tailored to their specific needs.
The prevalence of anxiety disorders among children and teens is a significant concern. According to the CDC, an estimated 9.4% of children aged 3 to 17 experience anxiety. InStride aims to fill the gap in accessible care, providing the same level of care and support they would want for their own loved ones.
“We are thrilled to continue expanding our supportive ecosystem for the kids and families we serve,” expressed John Voith, co-founder and CEO of InStride Health. “This new funding allows us to further develop our specialty clinical services and reach more children in need.”
InStride currently accepts most major insurance plans in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island, with plans to expand coverage to Maine soon. This accessibility is further enhanced by their established partnership with Mass General Brigham’s McLean Hospital, a renowned psychiatric facility.
InStride is not alone in tackling the pediatric mental health crisis. Other startups, such as Blackbird Health and Fort Health, are also making strides in providing virtual and collaborative care solutions for children and young adults struggling with various behavioral health concerns. However, InStride’s focus on anxiety and OCD, coupled with their specialized care teams, positions them as a leader in this growing field.
