Amae Health, a California-based innovative treatment provider specializing in mental healthcare, raised $15 million in the just concluded series A funding round, the company announced in a press release on Friday, April 26, 2024.
Led by Quiet Capital, the funding round also included notable investments from Healthier Capital and other investors, including Index Ventures Managing Partner Mike Volpi and Baszucki Group. Amae Health’s initial seed investors, Bling Capital, Virtue VC, 8VC, and Able Partners, also participated in the round.
According to Friday’s announcement, the new funds will be vital in furthering the startup’s mission of revolutionizing healthcare for people with severe mental health illnesses (SMI) through an innovative and psychiatry-led model.
The Oversubscribed Series A Funding a ‘Vote of Confidence’
“The successful closing of our Series A is a major milestone and vote of confidence from the investment and healthcare communities,” said Sonia Garcia, co-founder and Chief Product Officer.
Garcia hailed Amae Health’s psychiatry-led approach as a game-changer, recognizing the unique needs of patients with mental illnesses, resulting in personalized treatment.
“By focusing on the individual as a whole person and addressing their long-term needs, we create lasting change for our members,” said Stas Sokolin, co-founder and CEO.
Sokolin also added that Amae Health would launch several research trials in the coming months to advance the understanding of SMIs and their effective treatment solutions.
About Amae Health
Amae Health is a California-based innovator in mental healthcare, leveraging comprehensive care and cutting-edge technology to improve care for people with severe mental illnesses through a community-based, psychiatry-led model. Launched in January 2022 with the first outpatient clinic in Los Angeles, the startup is working on scalable, effective treatment solutions for severe mental illnesses.
Investors
Amae Health has eight investors, with 8VC and Bling Capital being the latest on the list. The company raised $15 million in the recently closed Series A funding round led by Quiet Capital. Healthier Capital, founded by the former CEO of One Medical, Amir Dan Rubin, Baszucki Group, and Mike Volpi, also contributed to the funding round, alongside four other companies that contributed to Amae’s Seed Round. The Seed Round was led by Virtue and included Bling Capital, 8VC, and Able Partners.