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MindWell

AI-powered mental health support

HealthTechSeries A$50M - $100M
Final Score
76
Tier 2: High Growth / Low Moat

Negotiate valuation

Investment Decision

Tier 2: High Growth / Low Moat

Likely burn-heavy with stiff competition

Recommended Action

Negotiate valuation

Headquarters

Denver, CO

Founded

2021

Employees

70-90

About

MindWell delivers personalized mental health support through AI-driven therapy companions and clinical tools. Our platform increases therapy effectiveness by 40% and reduces clinician burnout.

Weighted Scoring Breakdown
Execution Power

Weight: 30%

80.0

Founder-Market Fit + Revenue Velocity

Capital Efficiency

Weight: 30%

75.0

Burn Multiple + LTV/CAC

Durable Moat

Weight: 25%

72.5

Proprietary Data + Integration Depth

Growth Potential

Weight: 15%

77.5

NRR + K-Factor

Evaluation Metrics (1-100 Scale)
Founder-Market FitTarget: 10+ yrs domain + serial exit

10 yrs domain exp

Revenue VelocityTarget: >200% YoY Growth

145% YoY ARR Growth

Burn MultipleTarget: <1.0x

1.69x (Net Burn / Net New ARR)

LTV/CAC RatioTarget: >5x

7.8x ($72K / $9.2K)

Proprietary DataTarget: >80%

82% private data

Integration DepthTarget: >5 active hooks

4.2 avg APIs per user

Net Revenue RetentionTarget: >120%

130% NRR

K-FactorTarget: >1.0

0.76 (2 invites x 38% conv)

Key Employees
DAF

Dr. Amanda Foster

CEO & Founder

Clinical psychologist, former BetterHelp

RC

Ryan Cooper

CTO

Former Headspace, built meditation AI

DJP

Dr. James Park

Chief Medical Officer

Johns Hopkins psychiatry, 15 yrs clinical

Financial Metrics

Revenue (ARR)

$5.5M ARR

+145% YoY

Gross Margin

78%

Burn Rate

$450K/month

Runway

15 months

LTV

$72,000

CAC

$9,200

Investment Details
Total Raised$21M
Last Round$16M Series A
Last Round DateOctober 2024
Target Raise$45M Series B
Minimum Investment$100,000

Lead Investors

Oak HC/FTGeneral Catalyst
Key Highlights
  • 500,000+ users with 85% engagement rate
  • 40% improvement in therapy outcomes
  • HIPAA compliant with clinical validation
  • Partnerships with 200+ mental health clinics
Risk Factors
  • Regulatory scrutiny on AI in healthcare
  • Clinical liability considerations
  • Competition from established telehealth players