Foresight mental health9/3/2023 ![]() ![]() That’s not to say there aren’t other great deals out there (there are, and we intend to invest in many of them, very soon), but this deal was special because it was our first.įoresight is a technology-enabled mental healthcare business that, in just 1.5 years has launched a business with 10 mental health treatment clinics that accept insurance reimbursement, have treated thousands of patients and are growing rapidly. Then I filtered for “platform” plays, versus features or single-use products, and I was left staring at two names, Douglas Hapeman and Matthew Milford, founders of Foresight. I boiled that list down to my top 12, filtering for those who are raising money, and ones where I could connect with the founders personally. During that time, I identified over 700 startups in the space. Since March of 2019, when I realized I wanted to make funding startups in this space part of my 12th step, I started mapping the mental health startup landscape. Why is Foresight Our First Investment in This Market?įirst, let me frame the question. Suicide is the second leading cause of death among people aged 10 to 34.Depression is the leading cause of disability worldwide.300 million people globally suffer from depression and anxiety annually, according to the World Health Organization.youth aged 6 to 17 experiences a mental health disorder each year adults experience serious mental illness each year adults experience mental illness each year ![]() We can see the signs of our neglect in the data: Mental wellness and emotional wellness impact every single human. It may be the largest market on the planet. The mental health market opportunity is enormous. Here is some light reading to help you understand the market impact and dynamics of stigma: Teen Vogue, Brad Pitt, Elton John, reducing stigma, APA Study. Are you still not sold on this idea of mental health stigma and its recent reduction? No worries.
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