Digital mental health platform Meru Health is powering its Smartphone-based digital clinic for depression and anxiety and support additional clinical validation. The Palo Alto CA-based health startup has received USD 4.2 million in a seed funding round from Freestyle Capital, Bonit Capital, Y Combinator, Lifeline Ventures, and IT-Farm. According to the report, depression is the leading cause of disability and affecting over 25 million people annually in the US alone, and yet less than 50 percent of those affected have access to care.
With the effort to conquer this rate, Meru Health comes with the idea to provide a digital clinic for greater mental health with remote clinicians, with licensed therapists and psychiatrists, anonymous peer-group and a 12-week digital therapeutic treatment program. Its program comprises continuous remote clinician support, at-home therapeutic lessons and practices like cognitive behavioral therapy and mindfulness as well as sleep medicine and nutritional psychiatry for a complete solution to healing depression and anxiety. Meru Health works together with employers, health systems and health plans with a unique outcomes-oriented business model. The company, thus far, has successfully implemented the technology at Palo Alto Medical Foundation (PAMF) and has pilot programs ongoing with two Silicon Valley Fortune 100 companies.
According to Meru Health Co-founder, and CEO Kristian Ranta who said that all of us at Meru Health is excited to have Freestyle and the other esteemed investors join our seed round. This financing comes at a time of important company milestones and will enable us to continue on our growth trajectory. He further added that the publication of the results of a 117-person clinical trial of the Meru Health digital therapeutic program demonstrating high completion and compliance rates with a significant reduction in a depression provides important evidence points for our approach. We are currently running a clinical trial with Stanford and the Veteran’s Administration and we are also in active discussions with several health plans and insurers.