Nview Health, an Atlanta-based behavioral health solutions company, has raised $4.65 million from local VC firm BIP Capital.
Nview Health delivers online behavioral health solutions that help healthcare professionals and research organizations screen for and monitor mental disorders in children and adults, according to a news release. About one in five adults in the U.S. experience a form of mental illness in their lifetime, according to the National Alliance on Mental Illness. About one in 25 adults live with a serious mental illness. Nview Health says early detection of mental illness is critical because about one-half of all chronic mental illness begins by age 14, and three-quarters by age 24.
CEO Jim Szyperski told Atlanta Inno the funding would be used for new hires and expanding current services. He said a majority of the team growth is expected to take place in Atlanta. This seed round marks Nview Health's first institutional investment.
"This recent funding enables our hiring plans necessary to meet current customer demands and future expansion," he said. "New hires will include product team and customer success team members, in addition to broadening our Sales Team to support our active and growing commercial segments."
One of Nview Health's solutions, the M.I.N.I. (Mini International Neuropsychiatric Interview), helps identify more than 20 behvaioral health disorders. The online screening has been used in research and clinical settings for more than 25 years and translated into 120 different languages. M.I.N.I is a cloud-based, HIPAA-compliant solution available on any web-enabled device that allows screenings and interviews to be conducted in the office or at home.
"Our mental health assessment solution, the M.I.N.I. is fully developed and clinically validated," Szyperski said. "The tool has been used and continuously refined for the last 25 years and is Saas enabled. It will continue to be expanded and enhanced as appropriate under the direction of our co-founders Dr. David Sheehan and Dr. Thomas Young, CMO."
For the rest of the year and into 2020, Szyperski said the company anticipates rapid expansion within the commercial health care and education markets.
"To support this organization's wide growth, we will immediately begin thoughtfully increasing staff levels," he said.
