Revolutionizing Pediatric Mental Health Care: Backpack Healthcare's $14 Million Series A Funding

Backpack Healthcare, formerly known as Youme Healthcare, has secured a $14 million Series A funding round to enhance its innovative app and teletherapy services for children and adolescents facing mental health challenges. Led by Founder & CEO Hafeezah Muhammad, the company is utilizing cutting-edge AI technology to address the escalating youth mental health crisis, with a focus on medicaid-enrolled youth. With over 40 million children in the U.S. relying on Medicaid or CHIP for healthcare coverage, Backpack Healthcare's inclusive solutions aim to bridge the gap between limited Medicaid-accepting providers and those in need. The funding will be used to expand the company's reach, enhance its technology platform, and further develop its teletherapy services, with plans for expansion to additional states on the horizon. Backpack Healthcare's AI-powered app uses advanced algorithms to match users with specialized therapists for tailored treatment plans, providing an engaging experience through interactive tools and activities. In addition to individual pediatric and family therapy and medication management, the company offers live parent training sessions on topics such as cyberbullying and substance abuse. The funding round was led by PACE Healthcare Capital, with participation from ECMC, Techstars, Collab Capital, and other notable investors, including angel investors Maya Ghosn Bichara and Jeffrey Walker. Robert Johnson, ESQ, Chief Equity Officer at Bezos Academy, is joining Backpack Healthcare's Board of advisors to guide the company towards greater inclusivity and equity. Backpack Healthcare is committed to making a positive impact on the lives of children and adolescents struggling with mental health challenges, with a vision to deliver quality, accessible, and culturally competent mental health services for all.