Recommended by: Steve Kupfer, Reach Capital
Relationship: Investor
Total funding: $3.9 million, according to the company
What it does: Cartwheel matches schools with mental healthcare providers to virtually meet with students.
Why it’s on the list: The youth mental health crisis has left schools reeling, and many administrators are looking for ways that schools can still support students after they lose pandemic-era federal funds, said Kupfer.
Cartwheel can be an efficient, scalable provider of these services for schools, he said. “Cartwheel supports all students, including those who have historically been left out —including uninsured families and those covered by Medicaid — through a responsive business model that quickly bridges care from schools to community providers, personalizing evidence-based, short-term therapy, and threading schools-based budgets with private insurance reimbursements,” said Kupfer.
Cartwheel closed its $3.9 million seed funding round in the fall of 2022 from investors like General Catalyst alongside Reach Capital, Able Partners, and BoxGroup, according to CB Insights.
