LunaJoy Health, a Y-combinator-backed company that focuses on mental health for women, announced it has raised $2.4 million in an oversubscribed seed investment.
“When we launched our digital clinic one year ago, we wanted to make sure women’s health issues were treated with the care, respect and seriousness it deserved and not dismissed by the medical establishment, which is so often the case,” says Physician Sipra Laddha, chief executive officer and co-founder of LunaJoy. “Today’s raise announcement not only shows that others share the same passion for our mission but that women of all backgrounds will get the help and care we so richly deserve.”
Founded by Laddha and Physician Shama Rathi in April 2021, LunaJoy opened its digital doors in October 2021. The platform provides full-spectrum mental health services including medication management, therapy, group therapy and peer coaching.
By integrating with medical clinics, women can access care in coordination with their entire care team, according to a statement.
In under a year, LunaJoy has served more than 1,000 clients by securing national payer contracts and through its relationships with clinics, the statement said.
“Women’s mental health was disproportionately affected by the COVID-19 pandemic and we are now seeing children on our platform as young as 14,” says Rathi. “It’s important to remember that ‘one size fits all’ does not apply to mental health and that’s why this platform is timely and necessary.”
LunaJoy plans to use its newly acquired funds to grow its user base, increase its staff and expand its geographic footprint, the statement said.
