What you should know:
somersault a company based in Newark, NJ start up building an omnichannel, vertically integrated behavioral health center for children and families that includes virtual care and modern clinics. Today, the company announced its official launch in New Jersey to bring quality care to more families and children.
somersault has closed a seed round of $6.2 million to further its mission of making quality mental health care accessible to all families was co-led by Newark Venture Partners and NextView Ventures with participation from 25madison Ventures, Arkitekt Ventures and Quantum Angels, along with leading healthcare operators. With this investment, Handspring is positioned to rebuild the pediatric mental health system from the ground up, with a focus on high-quality, affordable mental health care for families.
Evidence-Based Mental Health Care for Children
Today, 1 in 5 children in the US has a diagnosable mental health disorder, and yet their families face barriers such as wait times, unaffordable rates (often not accepted by insurance), or virtual-only options that prevent them from getting much-needed care. in a way that suits them. Founded in 2021 by Sahil Choudhry and Kwasi Kyei, both former digital health investors, Handspring is building an omnichannel behavioral health center to provide quality mental health care that is affordable for all families. Handspring Health makes it easy for them and their families to access and pay for quality behavioral health care by using a hybrid approach (both in-person and virtual) and focusing on patient outcomes. Through an experienced clinical team, state-of-the-art clinics, a virtual health platform and health plan partnerships, Handspring will bring higher quality mental health care to children that empowers them to lead resilient and fulfilling lives.
“We live in a pandemic of mental and behavioral health disorders among children and adolescents. Today, 1 in 5 children in the US has a diagnosable mental health disorder. The health system is failing our children as systemic barriers have made it impossible for families to find affordable care. When seeking care, families often face unaffordable fees that are not covered by insurance or multi-month waiting lists,” said Sahil Choudhry, co-founder and CEO of Handspring Health. “Also, most of the new solutions on the market today are virtual only; Not all children can receive virtual treatment and many need more hands-on, in-person care.”
