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ADHD Online, a telehealth company that provides ADHD diagnosis and treatment, announced today that it has raised $12 million in Series A funding. The round was led by Wakestream Ventures, with participation from Michigan Capital Network and Boomerang Ventures.
ADHD Online was founded in 2019 by Dr. David Rabinowitz, a board-certified psychiatrist who specializes in ADHD. The company offers a comprehensive suite of ADHD services, including diagnosis, medication management, and therapy. ADHD Online’s services are available to patients nationwide.
The new funding will be used to expand ADHD Online’s team and product offerings. The company plans to hire more psychiatrists, therapists, and support staff. ADHD Online also plans to launch new features, such as a mobile app and a new website.
“We are thrilled to partner with Wakestream Ventures and our other investors,” said Dr. Rabinowitz, CEO and founder of ADHD Online. “This funding will allow us to accelerate our growth and make ADHD Online the go-to destination for ADHD care.”
“We are excited to invest in ADHD Online, a company that is addressing a significant unmet need in the healthcare market,” said Michael Miller, Managing Director at Wakestream Ventures. “ADHD Online is providing patients with the convenient, affordable, and high-quality care they deserve.”
ADHD Online’s Series A funding round comes at a time of growing interest in the ADHD market. The global ADHD market is expected to reach $33.5 billion by 2025. ADHD Online is well-positioned to capitalize on this growth, as it is one of the only major telehealth companies that specializes in ADHD care.
ADHD Online offers a unique combination of convenience, affordability, and high-quality care. The company’s services are available to patients nationwide, and its fees are comparable to those of other ADHD providers. ADHD Online also offers a variety of financial assistance programs to make its services accessible to all patients.
With its strong team, growing user base, and new funding, ADHD Online is well-positioned to become the leading provider of ADHD care. The company is poised to disrupt the traditional healthcare industry and make it easier for people with ADHD to access the care they need.
Here are some additional details about the funding for ADHD Online:
- The Series A funding round was led by Wakestream Ventures, a venture capital firm that invests in early-stage healthcare companies.
- Other investors in the round included Michigan Capital Network, a venture capital firm that invests in Michigan-based companies, and Boomerang Ventures, a venture capital firm that invests in healthcare technology companies.
- The total amount raised in the Series A funding round was $12 million.
- The new funding will be used to expand ADHD Online’s team and product offerings.
- ADHD Online plans to hire more psychiatrists, therapists, and support staff.
- ADHD Online also plans to launch new features, such as a mobile app and a new website.
ADHD Online is a rapidly growing company that is changing the way people with ADHD get care. The company’s convenient, affordable, and high-quality services are making it easier for people with ADHD to get the help they need.