# Daybreak Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/daybreak-health

- Industry: Healthcare Specialists
- Headquarters: San Francisco, US
- Website: www.daybreakhealth.com
- Total disclosed funding: $25M
- Latest round: Series B (Aug 8, 2023)
- Investors on record: 7

## About

Daybreak Health Inc. is a US-based company specializing in evidence-based teletherapy programs designed for K-12 students to improve mental health and academic performance, ensuring accessibility for all children.Founded in 2020 in San Francisco, US, Daybreak Health Inc. offers teletherapy programs specifically for K-12 students. The founders are Luke Mercado, Siddarth Cidambi, and Tamaan Osbourne-Roberts, with Alex Alvarado serving as CEO. The company has raised a total of USD 13.00 mn through its SERIES B funding round on August 8, 2023, led by Union Square Ventures, with participation from Lightspeed Venture Partners, Lux Capital, Maven Ventures, and Y Combinator. The latest funding brought the total amount raised to USD 13.00 mn, with a current company valuation of USD 58.55 mn.Daybreak Health specializes in evidence-based teletherapy programs tailored for K-12 students, addressing various mental health challenges. Their services include personalized therapy for both insured and uninsured children, ensuring accessibility regardless of a family's financial situation. Daybreak integrates mental health support into educational institutions, enhancing students’ academic performance and overall well-being. Their client base comprises over 50 health plans and numerous school districts across the United States, serving more than 1.5 million enrolled students, with a focus on diverse populations including BIPOC, LGBTQIA+, low-income, and homeless students.Daybreak Health generates revenue primarily through partnerships with school districts and health plans, which facilitate the provision of mental health services. Their business model includes contractual arrangements that allow schools to refer students easily, increasing service utilization. Revenue is derived from contracts covering a range of services, including teletherapy sessions and tailored mental health programming, thus enhancing student access to mental health support and contributing to the company's financial stability.In August 2023, Daybreak Health raised USD 13.00 mn in SERIES B funding, led by Union Square Ventures, to support its geographic expansion and partnerships with more leading school districts across the US. The company plans to advance its initiatives by developing new products aimed at better addressing mental health needs within educational settings and targeting specific markets for growth in the upcoming years.

## Funding rounds

- Series B, Aug 8, 2023, $13M — Lightspeed Venture Partners, Union Square Ventures, Lux Capital, Y Combinator, Maven
- Series A, Mar 1, 2022, $10M — Lightspeed Venture Partners, Maven
- Seed, Feb 9, 2021, $1.8M — Maven
- Seed, Aug 31, 2020 — Canopei, Open Opportunity Fund

## Investors

- Canopei — Seed
- Open Opportunity Fund (https://capitalatlas.ai/funds/open-opportunity-fund) — Seed
- Maven (https://capitalatlas.ai/funds/maven) — Seed, Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series B
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B