Image: Accelerate Okanagan
Greenspace Mental Health, a digital health company focused on improving mental health treatment outcomes, recently announced the closing of a 1.4M seed round.
The investment was led by Prime Quadrant LP, and will support the company’s continued growth in Ontario and BC, as well as its expansion into the United States.
Greenspace’s technology team is based in Kelowna, and the team is proud of their commitment to grow the team in the Okanagan.
“We believe the density and quality of tech talent available in Kelowna is second to none,” said Mike Lerner, Greenspace’s CTO. “That is why we made the decision to grow our technology team here rather than in Toronto.”
The funding will allow Greenspace to grow its primary care program, which helps family physicians match patients with the mental health therapist best suited for each patient.
To date, Greenspace has primarily focused on tracking patient progress throughout treatment, which increases transparency and communication between the family physician, mental health therapist and patient. In addition, the funding will support Greenspace’s expansion into the United States in Q4 of 2017.
Led by Jeremy Weisz, Simon Weisz and Mike Lerner, Greenspace has shown significant growth in its first year.
“Since launching in August 2016, Greenspace has experienced incredible support from the therapist community,” says Jeremy Weisz, co-founder and CEO of Greenspace. “To date, there are over 750 therapists using Greenspace.”
Greenspace is a digital platform that helps mental health therapists and their patients easily measure and monitor progress through therapy.
For individuals looking for a mental health therapist, Greenspace draws on its unique data set to match individuals with the therapist that is best suited for them. Greenspace was developed based on medical research that identifies measuring patient progress and patient-therapist fit as the two most important factors that determine a successful treatment outcome.
“While the stigma surrounding mental health continues to decrease and organizations are more aware than ever, the mental health system is disjointed and lags far behind the system for physical health,” says Ian Rosmarin, the managing director at prime quadrant. “Greenspace is executing on their plan to build a better functioning mental health system for patients that centres around improving patient outcomes with the assistance of technology. We believe they have the team to do it and are excited to support them in this mission.”
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