At the time, the company, which works with school districts to offer online mental health counseling, was already growing rapidly, driven by high demand for its largely teen-focused services. Over subsequent months, as we regularly checked in with Alvarado, the pace never seemed to slacken. The Something Ventured project culminated just weeks after another big milestone, as Daybreak closed on a $10 million Series A round.
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Now, roughly 17 months later, Daybreak has moved on to Series B. The startup today announced a $13 million financing led by Union Square Ventures. New investor Lux Capital joined the round, along with existing backers Lightspeed Venture Partners, Maven Ventures and Y Combinator.
Daybreak initially launched in California, but since has expanded to other states. It currently works with more than 50 school districts, matching clinicians to students based on criteria including needs, language and personal preferences. The company also offers services such as mental health classes for school staff and families, and tools for early identification of students who could benefit from mental health support.
Feedback indicates that counseling offerings are having a positive effect. Alvarado said program data shows that four out of five school counselors report noticeable improvements in student symptoms and 92% of families report behavioral improvements at home.
For now, the plan is more expansion ahead. Daybreak says it will use the Series B funds to roll out its services to more school districts nationwide.
- Family Crisis Inspires Daybreak Health Founder To Shine Light On Mental Health
- Something Ventured Part 2: School’s Out, But Better Mental Health Services For Teens Remains Top Of Mind
- Something Ventured Part 3: For Daybreak Health, A Back-To-School Season Like No Other
- Something Ventured Part 4: Demand Doubles For Daybreak Health As Teens Adjust To Return To School
- Something Ventured Part 5: Daybreak CEO Has A New Job As A Recruiter
- Daybreak Health CEO Reflects On Journey To Series A
Illustration: Dom Guzman
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