As the youth mental health crisis escalates, money has been flocking to providers offering to address the booming need, Inc. reports.
VC investment in the youth wellness and mental health space spiked by 1,376 percent in just four years, ballooning to $871 million in 2021, up from $59 million in 2018. That’s according to a new report from the Redwood City, California-based Telosity, a fund from the investment services consulting firm Vinaj Ventures that focuses on mental health startups.
Despite the uptick in investments, there remain shortages in youth mental health professionals and overall services. The conditions point to added opportunity for entrepreneurs angling to build businesses that can help young people. Read more.
