Birches Health raises $20m in Series A and Seed funding
In addition to treating gambling addiction, Birches Health also helps to support those with video gaming and internet addictions through online care as well.
Key Points
- Birches Health stated the Series A funding was led by AlleyCorp, while Seed funding was backed by General Catalyst with ongoing participation from Will Ventures
- The funding will “accelerate” Birches Health’s investments in clinical excellence, expanding the provider network and state Department of Health partnerships
Birches Health has officially raised $20m in Series A and Seed Funding, which will help to “accelerate” the company’s investments in clinical excellence, expand the provider network, scale infrastructure, grow insurance and form new state Department of Health partnerships.
“The United States is facing a looming gambling addiction crisis,” Birches Health Founder and CEO Elliott Rapaport said.
“By integrating with leading insurance companies and state Departments of Health, we are proving that access to specialized care for those struggling with gambling, gaming, sex, pornography and internet addiction should be available to all.”
Birches Health stated the Series A funding was led by AlleyCorp, while Seed funding was backed by General Catalyst with ongoing participation from Will Ventures.
Good to know: Edge Boost and Birches Health formed a new responsible gaming partnership on April 24, with the behavioral healthcare organization providing content on the Edge Boost app and website
“Gambling addiction is a public health crisis unraveling before our eyes,” AlleyCorp Principal Youssef Kalad said.
“Between the constant flood of ads in sports media and the rise of new financial speculation products, gambling’s impact on American families is reaching a tipping point. Birches Health is proving to be the preeminent platform, supported by dozens of state governments and payors, for treating gambling addiction and other emerging behavioral disorders.”
In addition to treating gambling addiction, Birches Health also helps to support those with video gaming and internet addictions through online care as well.
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