Meru Health secured $4.2M in seed financing from Freestyle Capital, Bonit Capital, Y Combinator, Lifeline Ventures and IT-Farm.
Meru Health, a Helsinki, FInland-based digital clinic for greater mental health, announced the completion of $4.2M in series seed financing.
The money was provided by a range of American and Finnish investors, including Freestyle Capital, Bonit Capital, Y Combinator, Lifeline Ventures and IT-Farm. The funding will support additional clinical validation and preparation for larger scale rollout to health systems and large employers in several states across the U.S.
Meru Health, founded in 2015 as Blooming by Kristian Ranta (CEO), Albert Nazander and Riku Lindholm, has developed a licensed-clinician-supported, mobile phone-based digital therapeutic program for depression and anxiety. The program involves remote clinicians (licensed therapists & psychiatrists), anonymous peer-group and a 12-week digital therapeutic treatment program. Meru's program consists of continuous remote clinician support, at-home therapeutic lessons and practices including cognitive behavioral therapy & mindfulness, as well as sleep and nutrition coaching.
Meru Health was part of Y Combinator in 2018 and is now participating in the Texas Medical Center TMCx Accelerator in Houston.