Online Mental Health Therapy Company Breakthrough Raises $5 Million
Breakthrough is an online mental health therapy company that has a goal of helping the 67 million Americans that have some form of mental illness. Launched in 2009, Breakthrough has raised $5 million in Series A funding led by The Social+Capital Partnership. First Round Capital, and Great Oaks Venture Capital also participated in this round of funding. Breakthrough previously raised $1 million in seed capital from Keith Rabois, Kapor Capital, Morado Ventures and Matt Douglass (Practice Fusion co-founder). The company plans on using the funding to ramp up their engineering and sales.
According to TechCrunch, the company offers a suite of practice management tools for care providers. Therapists can use Breakthrough to manage their scheduling, patient messaging, and offer customer support. They will also be able to handle insurance claim filing and payment processing soon as well.
Americans spend around $135 billion per year on healthcare and it is a market that is ripe for disruption. Breakthrough has an opportunity to help reduce costs for Americans while still offering valuable care services.