Minded Raises $25M for its Virtual Psychiatric Healthcare Platform that Makes Prescriptions Accessible
Summary
Minded is a psychiatric telehealth platform that allows patients to quickly and efficiently refill their mental health prescription needs for the treatment of anxiety, depression, and insomnia. A venture capital contact introduced me to Gaspard de Dreuzy who had built the consumer fintech unicorn Voyager and also cofounded Pager, a telehealth communications company. Minded is also taking a lead in terms of fighting the stigma around mental health medication, and the importance of leveling the playing field to provide access for all. The disproportion of the supply and demand forces many adults to rely on a local general practitioner to prescribe medication instead of experts in mental health treatment, resulting in suboptimal care. The massive size of the market, the importance of the mission, the rapid rise of direct-to-consumer telehealth brands, and the prior success, experience, and relationships of the founders helped.