Mental health tracking technology company Opeeka Inc. has raised $2 million from angel investors in a seed round that closed Friday.
The money came from some members of the Sacramento Angels, as well as other local angel investors, said Ken Knecht, a co-founder and chief marketing officer for Opeeka.
The company was founded in early 2020 by data scientist Kate Cordell, Ken Knecht and Roger Akers. Cordell is CEO and chief scientific officer. Knecht is chief marketing officer. Akers is a local serial entrepreneur and investor.
Opeeka began offering its outcomes management software to customers in December.
The company signed a lease on 8,000 square feet of Class A office space in Folsom for its nine local employees. Opeeka also has a team of 20 technology developers in India.
Opeeka’s software allows mental health professionals to track and measure success and goals in mental health treatment, Cordell said. The software also uses artificial intelligence to build intervention reports for care providers to see if their participants are making progress.
Previously, mental health providers haven't had a way to quantify progress, Cordell said. “No one is measuring success. We use AI to find out if the treatment is working.”
Opeeka's local investors include Jonna Ward, CEO and founder of Folsom-based systems integrations company Visionary Integration Professionals, and Jon Coss, the founder in 2011 of Pondera Solutions, a fraud detection technology company that was acquired by Thomson Reuters Corp. (NYSE: TRI) for $125 million last year. Ward and Coss joined the board of directors of Opeeka, Akers said.
Opeeka customers so far include health systems in some states and some individual providers, including foster care systems, women's shelter organizations and drug treatment providers.
Potential customers include child welfare, education, juvenile justice and mental health agencies and organizations.
Opeeka is currently pursuing a business-to-business business model, charging a software license fee per patient. It has a long-term goal of establishing a business-to-consumer model for prevention and wellness in a stand-alone app, Cordell said.
