Virtual mental health startup Blueprint has raised a new round of funding as it works to help physicians better treat mental illnesses.
The startup announced Wednesday that it raised $3.4 million in a seed round led by Bonfire Ventures, with participation from Chicago-based Lightbank and other angel investors. The new funding brings Blueprint’s total funding to more than $4.7 million.
Founded in 2016 by Danny Freed, Blueprint’s platform is designed to serve as an extension of mental health services. The platform collects and analyzes data from patients struggling with mental health conditions through regular and standardized assessments about their symptoms and progress. Then their physician reviews the data and provides appropriate care during the next patient visit, whether it be in person, by phone or video chat.
Blueprint collects data on a patient’s mood, sleep patterns and exercise regimens, among other things. It is designed to treat a host of mental health conditions, including depression, anxiety, post-traumatic stress disorder and bipolar disorder.
Blueprint says the new financing will allow it to hire new employees, pay for marketing initiatives and launch new products.
“We’re dedicated to helping mental healthcare become more effective and efficient, and ensuring that everyone who needs treatment has access to the highest quality of care possible,” Free said in a statement. “Our new funding will help take our mission to the next level by expanding our team, accelerating our marketing and partnership efforts, and continuing to design innovative products that take mental health care into the digital age.”
Amid the Covid-19 pandemic, with more people suffering from anxiety and depression, Blueprint has seen an increase in demand for its service. Since the onset of the pandemic, Blueprint says it has seen revenue increase 12x and patient enrollment and usage grow by 800%.
Blueprint, which employs 10 people, currently works with nearly 100 clinics nationwide that collectively serve close to 100,000 eligible patients.