Dawn of Daybreak
San Francisco-based Daybreak Health imagines a new day on the horizon: one in which no student has to pay for mental health support.
The startup secured $13 million in its latest funding round, led by Union Square Ventures, with Lux Capital, Lightspeed Venture Partners, Maven Ventures, and Y Combinator also participating. According to Crunchbase, this brings the total raised to $25 million since 2019.
With 1 million students across 60 districts already under their care, the company now aims to offer its unique online teletherapy platform to more schools and districts. Daybreak’s mobile app links teenage students with mental health counselors via live video appointments.
Funds & Features
Daybreak Health intends to use its newly secured funds to roll out new care programs and expand into more states, including North Carolina and Utah. Beyond that, the company plans to expand its team of clinicians, increasing its administrative capacity.
Ultimately, Daybreak’s goal is to make navigating state licensing protocols such as Medicaid programs simpler.
The Daybreak Difference
Post-pandemic, youth mental health across the nation has taken a hit. But school districts are increasingly recognizing telehealth’s potential to turn the tides. According to Daybreak Health CEO Alex Alvarado, “We’ve seen the sea change from just a few districts […] being interested in teletherapy to, now, almost every single district we talked to.”
Meanwhile, an impressive 81% of students using Daybreak’s program during last school year showed marked improvements: 4 of 5 school counselors and over 90% of families reportedly noted behavioral and symptomatic improvements too. Given its success with schools and investors alike, the interest in Daybreak’s new dawn may well continue to rise.
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