To expand the company’s capabilities and close disparities in maternal health care, LunaJoy Health announced the launch of its novel integrated care program, LunaCare, to improve outcomes in maternal mental health. Supported by $4.2 million in new funding, the company received support from a distinguished group of investors, including Y Combinator, FoundersX Fund, Goodwater Capital, Magic Fund, VentureSouq, Nurture Ventures, NorthSouth Ventures, seasoned healthcare angels, and others.
This diverse backing highlights a firm commitment from the investment community to transform maternal and infant health care for underserved populations nationwide.
This spring, the Centers for Medicare and Medicaid Services will release a Notice of Funding Opportunity for state Medicaid programs and Children’s Health Insurance Program (CHIP) as part of a ten-year Transforming Maternal Health Model (TMaH). The program is designed to help institutions expand infrastructure and improve the quality and safety of mental health care for vulnerable populations. LunaCare is a natural extension of this government directive to reach more communities of color in a way that helps move the industry beyond traditional brick-and-mortar care facilities.
This support will be essential in rolling out the program across select communities, with plans for new market expansion. And the funding will also facilitate the integration of advanced technology solutions to enhance care coordination and patient monitoring, ensuring that mothers receive timely and effective care tailored to their unique needs. Lunajoy currently works with over 15 payers and is available in over a dozen states.
KEY QUOTES:
“LunaJoy Health’s mission to bring a new standard to maternal health care for Medicaid mothers aligns perfectly with our goal of supporting scalable solutions to the world’s most pressing challenges. We’re proud to back such a vital initiative that promises significant impact.”
- Surbhi Sarna, Partner at Y Combinator
“The support from our investors, coupled with the current focus on maternal health improvements through TMaH funding, sets the stage for the change we need to see so badly across the industry. Mental health is a lifetime pursuit, and we want to design a way to engage and support women with a variety of needs and varying degrees of risk. By using technology, we can measure and treat symptoms more effectively, delivering a better service model to meet rising demand and a shortage of therapists in the U.S.”
- Sipra Laddha, CEO of LunaJoy Health
