Swell, a Louisville, KY-based psychological well being firm, raised $1.6M in funding.
Backers included Keyhorse Capital, Bluegrass Angels, PeakState Ventures, defy.vc, and Fairwater Labs.
The corporate intends to make use of the funds to increase operations and its growth efforts.
Based in 2022 by CEO Rachel Edenfield, Swell is a psychological well being firm addressing the nationwide therapist scarcity with scalable, AI-enabled self-guided care. It prioritizes underserved markets, together with hyperlocal communities such because the navy, to make sure that psychological well being sources are extra accessible and impactful.
The startup has already achieved a number of key milestones:
- Developed a Minimal Viable Product (MVP) and generated income inside 5 months of inception.
- Launched a full beta at Fort Campbell inside seven months.
- Secured contracts with Tricare and Humana Army.
- Developed a self-guided prototype and submitted a patent for a HIPAA-compliant AI middleman.
- Expanded supplier networks to cowl all of Kentucky and Tennessee.
- Accepted into the Superior Fellowship.
Wanting forward, Swell is targeted on two key aims for the 12 months: growing its consumer and therapist base to drive income progress and securing a growth contract with the Division of Veterans Affairs (VA) for its AI-enabled self-guided remedy product.
FinSMEs
21/02/2025
