Mindstrong appears to be winding down after raising over $100 million in venture capital, Behavioral Health Business reports.
The Menlo Park, California-based startup has terminated almost all of its C-suite along with nearly 130 other jobs and is closing its headquarters. The move is the latest in a string of ominous developments in the behavioral health tech space.
On March 10, the company will end patient services as part of a “reorganization” of the business, according to a customer services agent.
Mindstrong Head of People A.J. Ruiz told the California Employment Development Department in a memo the closure and the layoffs are permanent. Read more.
