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Digital Mental Health Startups for Kids Are Raking in Cash, New Data Shows. It Won’t Be Enough to Fix the Crisis
Venture capital funding for digital behavioral health tools for children and teenagers reached $919 million in 2021, up from $54 million in 2017 and more than double the amount raised in 2020, according to Rock Health data provided exclusively to Morning Consult. However, new virtual care companies face challenges with payment, access and building up their clinical workforces as they look to broaden their reach with younger patients.