This startup is opening a mental health clinic that offers ketamine therapy. BusinessInsider got an exclusive look at the pitch deck it used to raise $5.4 million.
- – Being Health just opened its first mental health clinic in New York City.
- – The startup provides a range of mental-health services, from psychotherapy to ketamine infusions.
- – The company wants to personalize behavioral healthcare with its integrated model.
Venture investment in mental health startups exploded in 2021. But since that funding boom, many startups providing behavioral healthcare have struggled — alongside digital health startups — to rake in venture cash.
Investors have also leaned away from backing companies with physical clinics, favoring software-centric healthcare businesses that tend to burn less cash.
But one new startup is bucking those trends. Being Health, an integrated mental healthcare company, is opening its first location, located in Manhattan’s Financial District.
The startup will provide a range of virtual and in-person mental healthcare services, including more traditional forms of care, such as psychiatry and psychotherapy, as well as less common behavioral health services, including acupuncture and ketamine infusions.
To fuel its launch, Being Health has raised $5.4 million in seed funding from 18 Park and HDS Capital, the company said.
Sharma said she saw a white space in New York City’s mental healthcare market when she began referring her patients with treatment-resistant depression to ketamine clinics, but couldn’t find any ketamine clinics that also provided psychiatric care.
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At Being Health, we are committed to fair and transparent pricing. Below is a list of our prices for in-person and virtual services at our Lower Manhattan clinic. If you have out-of-network benefits, we can provide a superbill to help you seek reimbursement from your insurer.
