Health, Wellness & Biotech Startups Venture

Affect Raises $16M As Addiction-Related Financings Hold Strong

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Affect Therapeutics, a provider of all-digital addiction treatment programs, raised $16 million in a Series A round led by Artis Ventures. Founded in 2020, the McLean, Virginia-based company offers treatments for substance use disorders, including alcohol, marijuana, cocaine, methamphetamine and prescription stimulants.

The investment is one of several recent financings of startups focused on addiction treatment. Using Crunchbase data, we curated a list of eight companies funded in the past year with an eye toward treating addiction or alleviating withdrawal symptoms for substance abuse recovery:

Illustration: Dom Guzman

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