Backpack Healthcare Secures $14 Million Series A Funding to Transform Pediatric Mental Health

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The 2023 ADAPT Finalist has raised a $14 million Series A funding round to enhance Backpack Healthcare’s technology platform, expand its reach to more communities, and further develop its teletherapy services. Hafeezah Muhammad is the Founder & CEO of Backpack Healthcare, and a Rosenman Founder!

From the press release:

ELKRIDGE, Md., May 7, 2024 /PRNewswire/ — Backpack Healthcare (formerly Youme Healthcare), an online pediatric mental healthcare provider, announced today that it has raised a $14 million Series A funding round led by PACE Healthcare Capital with participation from ECMC, Techstars, Collab Capital, Bridge Builders Collaborative, Portland Seed Fund, Hopelab, Rethink Education, Genius Guild, and Unlikely Collaborators, along with notable angel investors including Maya Ghosn Bichara and Jeffrey Walker. The pioneering health technology company, led by Founder & CEO Hafeezah Muhammad, is utilizing cutting-edge AI to transform pediatric mental health care and address the escalating youth mental health crisis, with a particular focus on medicaid-enrolled youth.

“The funding we have raised underscores the U.S. healthcare system’s need for more inclusive, tech-enabled solutions to tackle the growing pediatric mental health crisis,” said Hafeezah Muhammad, Founder & CEO of Backpack Healthcare. “This milestone will help us deliver on our commitment to breaking down barriers and ensuring equitable access to mental health support for all children, regardless of their socioeconomic status.”

Backpack Healthcare’s AI-powered app uses advanced algorithms to monitor user emotions to match them with specialized therapists for tailored treatment plans. The app provides an engaging experience through interactive tools and activities that make therapy enjoyable, encouraging active participation.  Additionally, Backpack Healthcare provides individual pediatric and family therapy and medication management through telemedicine, and also provides live parent training sessions on topics such as cyberbullying and substance abuse.