Arise has successfully raised $4.1 million in a seed funding round, focusing on providing virtual, comprehensive care for eating disorders and mental health. The platform offers personalized treatment plans that include therapy, nutrition counseling, psychiatry, medical care, and peer support.
Keep reading to explore the intricacies of Arise's fundraising journey and the investors backing this innovative platform.
What Is Arise?
Arise, founded by Amanda D'Ambra and Joan, is a New York City-based startup dedicated to providing virtual, comprehensive care for eating disorders and mental health. The company offers personalized treatment plans that include therapy, nutrition counseling, psychiatry, medical care, and peer support.
With a mission to break down barriers and stigma associated with eating disorders, Arise aims to make effective care accessible to those in need. The platform is currently available in Texas, North Carolina, and Florida.
Despite being an early-stage startup, Arise has a small but dedicated team of 1-10 employees, working tirelessly to support their community.
How Much Funding Has Arise Raised?
- Seed Round
- Amount Raised: $4,100,000
- Date: July 11, 2022
- Lead Investors: Wireframe Ventures, Greycroft, Greycroft Partners, BBG Ventures
- Motivation Behind the Round: To support the launch and initial operations of Arise, including a pilot program and expansion plans.
Arise has raised a total of $4,100,000 in funding. The current valuation is not specified.
Key Investors
- BBG Ventures
- Details: BBG Ventures is a venture capital firm that invests in early-stage companies. They focus on startups that are transforming the way we live, work, and play.
- Investment Focus Areas: Consumer products, digital health, wellness
- Notable Investments: Alula, Reside Health
- Greycroft
- Details: Greycroft is a venture capital firm that invests in early and growth-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Healthcare, technology, consumer products
- Notable Investments: Bumble, Boulder Care
- Wireframe Ventures
- Details: Wireframe Ventures is an early-stage venture capital firm. They focus on mission-driven founders who are building the future of health and sustainability.
- Investment Focus Areas: Health, sustainability, technology
- Notable Investments: Not specified
- Iyah Romm
- Details: Iyah Romm is the co-founder of Cityblock, a company focused on providing healthcare to underserved communities. He has a background in healthcare innovation.
- Investment Focus Areas: Healthcare innovation, community health
- Notable Investments: Cityblock (co-founder)
- Sylvia Romm
- Details: Sylvia Romm is the chairperson of Sonder Health. She specializes in digital health and healthcare services.
- Investment Focus Areas: Digital health, healthcare services
- Notable Investments: Sonder Health (chairperson)
What's Next for Arise?
Arise is poised to capitalize on the growing demand for virtual mental health services, particularly in underserved communities. With plans to expand its pilot program and serve up to 100 patients by year-end, the company is well-positioned to make a significant impact. The opportunity to partner with insurance providers and Medicaid could further amplify their reach and effectiveness.
Future fundraising efforts will likely focus on scaling operations and enhancing service offerings. However, Arise must navigate regulatory requirements and build strong partnerships to sustain growth. Addressing systemic issues and stigma around eating disorders will be crucial for long-term success.
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