# Meru Health Holding

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

- Industry: Healthcare IT
- Headquarters: San Mateo, US
- Website: www.meruhealth.com
- Total disclosed funding: $42M
- Latest round: Series B (Sep 23, 2021)
- Investors on record: 12

## About

Meru Health Holding Inc. is a US-based company specializing in digital mental health solutions, providing comprehensive programs designed to improve emotional well-being through evidence-based practices.Founded in 2015 in San Mateo, US, Meru Health develops mental health programs aimed at addressing issues like anxiety and depression. The founding team includes Kristian Ranta and others, with a focus on providing modern therapeutic alternatives. The company has secured a total of USD 30.00 mn through its funding rounds, with the latest being a Series B round led by Industry Ventures in September 2021. This round raised USD 30.00 mn, consolidating the total amount raised by the company.Meru Health offers a structured 12-week mental health program designed to support emotional well-being. This program incorporates therapy sessions, unlimited chat support, and weekly lessons aimed at building healthy habits. Users can access licensed therapists through scheduled video sessions and secure chat services, providing immediate mental health support, particularly for anxiety, depression, and stress management. The program is specifically tailored for individuals seeking alternatives to traditional therapy and targets a diverse clientele across the United States.Meru Health generates its revenue through a subscription-based model, partnering with health plans and employers to offer its program to their members. Clients engage with the structured program that includes one-on-one support and therapeutic resources, while also accommodating self-pay options and accepting Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA). The subscription model allows users ongoing access to therapy sessions and mental health tools, appealing to both direct consumers and B2B channels.Meru Health aims to utilize its recent funding to accelerate its expansion across the United States, enhancing partnerships with healthcare payers and employers to increase access to its mental health services. The company's future plans include launching a new coaching solution designed to broaden its offerings. The funding from the USD 30.00 mn Series B round, completed in September 2021, will support these initiatives and facilitate the planned nationwide expansion.

## Funding rounds

- Series B, Sep 23, 2021, $30M — Industry Ventures, Freestyle VC, BOLD Capital Partners, Leksell Social Ventures, FMZ Ventures
- Series A, Mar 9, 2020, $8.1M — Foundry Group, Slack Technologies, LLC, Plug and Play, BOLD Capital Partners
- Seed, Apr 25, 2019, $4.2M — IT-Farm Corporation, Freestyle VC, Y Combinator, Lifeline Ventures, Bonit Capital

## Investors

- IT-Farm Corporation (https://capitalatlas.ai/funds/it-farm-corporation) — Seed
- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed
- Bonit Capital (https://capitalatlas.ai/funds/bonit-capital) — Seed
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A
- Slack Technologies, LLC — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- BOLD Capital Partners (https://capitalatlas.ai/funds/bold-capital-partners) — Series A, Series B
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B
- Leksell Social Ventures (https://capitalatlas.ai/funds/leksell-social-ventures) — Series B
- FMZ Ventures (https://capitalatlas.ai/funds/fmz-ventures) — Series B