AbleTo in the News

VCs Step Up Investing in Mental Health Startups

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Venture capitalists are paying more attention to mental health.

Venture investment in mental health startups has nearly quadrupled since 2014, thanks in part to a 2008 federal law that required health insurers to treat mental health equally to other kinds of health care.

In 2017, VCs invested $191.3 million across 33 deals in the sector, up from $61 million invested in 2014 across 12 deals, according to CB Insights. While that’s a fraction of the $6.9 billion venture capitalists invested in 485 digital health deals in 2017, it still reflects what investors and others say is a growing awareness of the potential costs to businesses of untreated mental illness.

About AbleTo, Inc.

A pioneer in telehealth, AbleTo has revolutionized the way people access quality mental healthcare. Delivering over 1 million patient sessions, AbleTo provides structured, high-quality and high-impact mental healthcare to people, when and where they need help most. The company's dynamic suite of solutions leverage data and analytics to align each person's unique needs with a highly personalized program that offers the right blend of human and digital support. A nationwide network of more than 1,800 trusted providers, skilled in clinically rigorous treatment, delivers this tailored care through a remote platform backed by over a decade of experience. AbleTo's outcomes-focused approach is proven to improve both behavioral and physical health and lower overall medical costs. For more information, visit AbleTo at www.ableto.com and follow AbleTo on LinkedIn and Twitter.

Media Contact: Kolette Kern, Sr Marketing Manager, kolette.kern@ableto.com