Here’s an exclusive look the pitch deck youth mental-health startup Hopscotch used to raise $8 million from investors like Greycroft and Inspired Capital
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- Youth health-tech startup Hopscotch raised a seed round led by Greycroft and Inspired Capital.
- The startup offers an all-in-one telehealth platform for youth mental-health therapy.
- Hopscotch’s content catalog and tools help providers address common behavioral health conditions.
One health-tech startup is working to balance the increased demand of mental health services with a stagnant supply of healthcare providers, and its founder just convinced a bevy of investors to back her all-in-one youth behavioral health platform.
Hopscotch just raised an $8 million seed round led by Greycroft and Inspired Captial. New York Ventures, Remarkable Ventures, Watershed VC, and Cold Start also invested in the round, in addition to the founders of Elema, Genoa Telepsychatry, and Firsthand — three mental-health heavyweights in the startup world.
Hopscotch is a full-service telehealth platform that provides in-network mental health care for children and teenagers. The startup offers a catalog of content and a bevy of tools for providers in order to address common behavioral health conditions including anxiety, depression, and ADHD. Hopscotch’s platform also streamlines the insurance and billing and gives clinicians a support network of coworkers and professional development opportunities to help them in their careers.
About one-fifth of children in the US have a mental disorder such as ADHD, autism spectrum disorder, disruptive behavior disorder, or Tourette syndrome, according to the Centers for Disease Control and Prevention — all while providers are experiencing burnout and leaving the profession.
Lucy Deland, the Inspired Capital partner who invested in Hopscotch, told Insider that the startup stood out in the market because it increases access to care while addressing the growing mental health-provider shortage.
“Sometimes, access creates problems in terms of exposing a lack of supply, and there’s a structural issue in this space in terms of missing clinicians,” she said. “Hopscotch understands the clinician side of things, and it’s really focusing on taking great care of them and creating greater access to digital tools.”
Marla Beyer, Hopscotch’s CEO and cofounder, said that focusing on the providers is a core tenant of the startup, and that she has recruited employees from Boston Children’s Hospital and the American Academy of Pediatrics to better support clinicians on the app.
“Hopscotch is supporting providers with the infrastructure to enable them to deliver quality care so they can make sessions as interactive as possible, allowing them to focus on delivering unprecedented care to children and families,” she told Insider in a statement.
Youth mental health startups are booming and could become a $26 billion industry by 2027, as estimated recently by Telocity, the arm of Vinaj Ventures that invests exclusively in the space.
Unicorns Elemy, which provides digital autism care, and GoGuardian, which monitors students’ online activity for self-harm risks, have been early winners in the youth mental health landscape and are valued at $1.15 billion and $1 billion, respectively.
Younger startups Parallel Learning, a learning-disbility platform, and Handspring Health, which combines virtual and in-person therapy for kids, raised a $20 million Series A and $6.2 million seed round, respectively, this spring.
Check out the 12-slide pitch deck that Hopscotch used to secure $8 million in seed funding.