Cartwheel, a platform dedicated to addressing the student mental health crisis, has recently secured $20 million in Series A funding. The round was led by Menlo Ventures, with participation from Reach Capital, General Catalyst, BoxGroup and Able Partners.
Cartwheel was founded in 2022 by a team that includes Dr. Juliana Chen, a board-certified child, adolescent and adult psychiatrist. The company aims to tackle the pediatric mental health crisis by working collaboratively with school districts, students and their families. It provides telehealth services including individual therapy, group therapy, medication support and parent guidance.
Currently active in 50 school districts and charter networks, Cartwheel plans to use the funding to expand its services to five new states and enhance its online portal to provide mental health care to hundreds of thousands of new students.
