$1.3 Million in Seed Funding
On May 10, 2016 received $1.3 Million in seed funding. Regroup Therapy, an on-demand provider of virtual mental health teams to health entities, raised over $1.8M to grow its sales and engineering teams and expand its partnerships with healthcare entities, therapists and prescribers like psychiatrists and Advanced Practice Nurses. Hyde Park Angels led the Series Seed round, with participation from OCA Ventures, Impact Engine, New Stack Ventures, Wasson Enterprise (led by former Walgreens CEO Greg Wasson and former Walgreens VP of Innovation Stewart Wasson), MD Angels, Grubhub Co-Founder Mike Evans, Chicago-based venture and angel investor Lon Chow, and Lou Malnati’s President Mark Agnew.
About Regroup Therapy
Regroup Therapy focuses on serving health entities, which are seriously in need of a solution to the national mental health provider shortage problem. Namely, more than of half of U.S. counties have no practicing psychiatrists, psychologists, counselors, or therapists. By signing qualified mental health professionals onto their HIPAA-compliant web-based video delivery platform, the company can give these entities capacity quickly and effectively.
You can find more information on the Hyde Park Angel’s website.