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Somethings, a mental health platform for teens and young adults, raised $19.2 million in Series A funding.
Catalio Capital led the round, with participation from existing investors General Catalyst and Tusk Ventures.
WHAT IT DOES
Somethings offers an AI-enabled, HIPAA-compliant mobile app that connects individuals aged 13 to 26 with Certified Peer Specialist mentors, aged 21 and older with lived experience, who aim to help them navigate mental health challenges before concerns become crises.
The company's AI does not directly interact with individuals but is used to provide tools for peer mentors to help screen for safety, improve engagement and enable clinical escalation, if necessary.
Somethings partners with schools, health plans and community organizations as well as state agencies and Medicaid health plans across the U.S.
The Brooklyn-based company will use the funds to expand its partnerships with Medicaid programs, schools, care organizations and state governments. It will also enhance its platform and grow its workforce.
"This funding allows us to scale a model that is already working – meeting young people where they are, when they need support most," Patrick Gilligan, founder and CEO of Somethings, said in a statement.
"Peer connection is powerful. When paired with the right training, clinical oversight and technology, it can fundamentally change how young people experience mental health support and do so at scale."
MARKET SNAPSHOT
In 2023, Somethings secured $3.2 million in seed funding.
Other digital health platforms offering youth mental health services include pediatric virtual behavioral health company Brightline and virtual mental health platform for students Marble Health.
Last year, Marble Health secured $15.5 million in Series A funding. The company works with schools to identify students in need of mental health support and connect them with licensed therapists. It also provides group therapy sessions for students.
Daybreak Health offers mental health services for children and teens, with a school-focused business model. It received $13 million in Series B funding in 2023, bringing its total raise to $25 million.
In September, the company announced it was designated the largest statewide affiliated provider on the California Children and Youth Behavioral Health Initiative (CYBHI) Fee Schedule, which allows K-12 districts throughout the state to partner with Daybreak to offer teletherapy services.
Under the agreement, services are billed directly through the CYBHI Fee Schedule at no cost to school districts or families.
