VC Investment in Youth Mental Health Startups Skyrocketed 1,376% in the Past 4 Years. Why It’s Not Too Late to Join the Fray

Vc Investment In Youth Mental Health Startups Skyrocketed 1,376% In The Past 4 Years. Why It'S Not Too Late To Join The Fray - Gettyimages 1137620178 509571

As the youth mental health crisis escalates, money has been flocking to providers offering to address the booming need.

Venture capital investment in the youth wellness and mental health space spiked by 1,376 percent in just four years, ballooning to $871 million in 2021, up from $59 million in 2018. That’s according to a new report from the Redwood City, California-based Telosity, a fund from the investment services consulting firm Vinaj Ventures that focuses on mental health startups.

Despite the uptick in investments, there remain shortages in youth mental health professionals and overall services. The conditions point to added opportunity for entrepreneurs angling to build businesses that can help young people.

The report cites that clinical depression in 12- to 17-year-olds grew by 52 percent between 2005 and 2017. More so, one in six young people between the ages of 6 and 17 experience some type of mental health illness. There’s been a need for adolescent mental health…

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This article was written by Melissa Angell and originally published on www.inc.com