Neolth recognized for achievements in providing mental health support to teens and students via their mobile application.
NEW YORK, December 7, 2022 -- CB Insights today named Neolth to its fourth-annual Digital Health 150, showcasing the 150 most promising private digital health companies of 2022.
"From reimagining clinical care, to leveraging tech like AR/VR to improve surgical training, this year’s Digital Health 150 winners are transforming the future of healthcare with digital technology,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “This increasingly global cohort, representing more than 18 countries across five continents, is not only driving better patient outcomes, but making healthcare more accessible. We are excited to follow the meaningful impact and continued success of this year’s winners.”
"Neolth developed an innovative technology to address the youth mental health crisis. Our solution has demonstrated improvements across 20 health outcomes in physical, cognitive, behavioral and emotional dimensions of health. Our work is done in deep partnership with young people, to ensure our solution meets their unique needs. Our team is proud to receive this recognition from CB Insights as a leader in the digital health space," said Dr. Katherine Grill, the CEO & Co-founder of Neolth.
Utilizing the CB Insights platform, the research team selected these 150 winners from a pool of over 13,000 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 3,000 Analyst Briefings submitted by applicants.
The inclusion of Neolth on the CB Insights' Digital Health 150 list follows a long list of achievements for the company. In 2022, Neolth has been named the Winner of the West Coast Global EdTech Startup Awards, a Tech for Good Timmy Finalist, and a winner of the World Economic Forum's Youth Mental Health Challenge, with the company's co-founders named as a top mhealth COO in California and Forbes 30 Under 30 Lister in education. The company has also announced high profile team members and partnerships, showing significant promise heading into 2023.
Quick facts on the 2022 Digital Health 150:
Equity funding and deals: Since 2017, this year's Digital Health 150 winners have raised around $5.6B in equity funding across 378 deals. This includes approximately $1.6B raised across 85 deals in 2022 YTD alone.
Unicorns: This year's list includes only 5 unicorns with a $1B+ valuation, around 3% of the total list. For comparison, last year's list contained 17. This tracks with a broader drop in new unicorns across sectors in 2022
Global Reach: Winners in this year's Digital Health 150 span 18 countries across 5 continents. A quarter (25%) are headquartered outside of the US — the most in the history of our list. While the US still leads, the UK comes in second with 9 winners, followed by Canada with 5 and Brazil with 3.
About CB Insights
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
Contact:
chris.orlando@cbinsights.com
About Neolth
Neolth, a global leader in youth mental health, was founded in 2018 with the goal of improving access to mental health support for students. With its suite of digital tools, Neolth has reached students at more than 350 schools across 35 states in the US. The company is also active in the corporate sector, providing Neolth as a member benefit to students who are part of payor networks, academic service organizations, and financial corporations. For more information, visit www.neolth.com, LinkedIn, YouTube and Instagram.
