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Cartwheel Secures $20M Series A Round

CAMBRIDGE, MA, Cartwheel today announced that it has raised $20 million in Series A funding.
Cartwheel, a platform helping schools tackle the student mental health crisis by delivering affordable, evidence-based telehealth services with no waitlist, today announced that it has raised $20 million in Series A funding led by Menlo Ventures. Reach Capital joined the round, as did earlier investors General Catalyst, BoxGroup and Able Partners. The funding will allow Cartwheel to expand mental health services to hundreds of thousands of new students in current service areas, as well as school districts in new states.

Cartwheel is the trusted mental health partner to schools, delivering rapid access to care for students and helping schools build stronger mental health programs that catch kids before they fall. Our evidence-based mental health program is designed around the entire school community. Cartwheel's licensed therapists and child psychiatrists are diverse, culturally sensitive, and committed to affordable care for everyone-including uninsured families and those covered by Medicaid.
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