The funding marks the largest round to date in the emerging digital mental health wellness space.
Pittsburgh, PA-based healthcare giant UMPC recently announced the close of a $17 million investment round designed to fund evidence-based online mental health wellness services provider Lantern. The investment was part of an ongoing commitment by the two forces to transform the way emotional wellbeing services are delivered and accessed across the United States.UPMC will work with Lantern to develop the firm’s online emotional wellness services and products, leveraging them within an array of clinical settings and conditions.
Lantern is a San Francisco-based startup with 17 employees founded in 2012. Previous investors Mayfield Fund, SoftTech Venture Capital, and Stanford University all contributed to this current funding round as well, according to Healthcare IT News.
The partnership also underscores UPMC’s commitment to commercialize solutions in four areas: Clinical tools that transform care delivery, population health management, patient-centered healthcare, and increased business efficiencies. For the full article click here
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