# Mindful Care

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindful-care

- Industry: Healthcare Specialists
- Headquarters: US
- Website: www.mindful.care
- Total disclosed funding: $9.7M
- Latest round: Series B (Oct 19, 2022)
- Investors on record: 4

## About

Mindful Care, Inc. is an innovative provider of online mental health counseling services, dedicated to enhancing patient well-being through both in-person and virtual care options.Mindful Care, Inc., founded in 2017 in the United States, specializes in mental health care services. The company has successfully raised USD 7.000 mn in Series B funding on October 19, 2022, led by Sopris Venture Capital and joined by other investors such as Caruso Ventures and the University of Chicago. The founders, Chris Lozynski and Naresh Mulchandani, have previously engaged in ventures that complement their expertise in mental health.Mindful Care offers a comprehensive suite of online mental health counseling services, focusing on both in-person and virtual care to prioritize patient well-being. Their core offerings include MicroTherapy™, a unique 20-minute session designed for those with busy schedules, as well as weekly recurring talk therapy sessions aimed at helping individuals achieve their mental health goals. The company also provides personalized substance use treatment and non-invasive options for treatment-resistant depression, catering to a diverse clientele that includes adults seeking immediate mental health support. Mindful Care serves a broad geographical market across the United States, ensuring accessibility to patients regardless of their location, particularly emphasizing the convenience of virtual services for those in rural areas with limited resources.Mindful Care generates revenue primarily through direct-to-consumer transactions involving mental health care services. Patients can register and schedule appointments, typically covered by most major insurance plans, which allows for streamlined payment processes. The company’s transactional structure is built around individual therapy sessions, including both standard and MicroTherapy™ options, alongside personalized substance use treatment plans. While specific pricing details for these services are not disclosed, the structure aligns with prevalent practices in the mental health industry, allowing patients to receive tailored care that meets their needs while also facilitating ongoing follow-up support from the care team.In October 2022, Mindful Care, Inc. raised USD 7.000 mn in Series B funding to support its growth initiatives. The funding will be utilized to expand current offerings to new regions, launch innovative individual therapy and addiction treatment programs, and develop technology aimed at improving clinical outcomes and patient satisfaction. Mindful Care is targeting specific geographic regions for this expansion, although specific locations have not been disclosed.

## Funding rounds

- Series B, Oct 19, 2022, $7M — Sopris Venture Capital, University of Chicago, Caruso Ventures, Venkon Group
- Series A, Oct 5, 2021, $2.7M — Sopris Venture Capital, University of Chicago, Caruso Ventures, Venkon Group

## Investors

- Sopris Venture Capital (https://capitalatlas.ai/funds/sopris-venture-capital) — Series A, Series B
- University of Chicago — Series A, Series B
- Caruso Ventures (https://capitalatlas.ai/funds/caruso-ventures) — Series A, Series B
- Venkon Group — Series A, Series B