Telehealth startups—which have been struggling to get back on stable footing after coming down from a pandemic-fueled boom—are eyeing adolescent mental healthcare as a growing opportunity. After the surgeon general’s report on the loneliness epidemic in the US—which cited that one in three young people struggle with mental illness—some investors believe tech startups could serve an unmet need. But startups face a significant challenge in maintaining investors’ interest: Telehealth VC investment has dropped over 80% from its peak of $2.2 billion globally in Q1 2021 to $433 million in Q1 2023, according to PitchBook data. The teletherapy and behavioral health subsegment generated almost $800 million in deal value at its peak.
Read the full article: Can Telehealth Startups Fill the Gap in Adolescent Mental Healthcare? //