Seattle-based mental health startup Guide Care has raised $5.3 million in equity funding, according to a filing with the Securities and Exchange Commission.
The raise was filed Tuesday and shows the company incorporated this year, and lists a mailing address at a downtown Seattle post office. On Guide Care's LinkedIn page, the company says it is "combatting the adolescent mental health crisis," but no website was listed.
The Guide Care leadership team didn't immediately respond to requests for more information.
In the filing, Jay Goyal is listed as Guide Care's CEO. Goyal's LinkedIn page says he previously founded a learning platform called Actively Learn, which was acquired in 2018 by the education technology company Achieve3000.
The filing also lists Anish Mehta and Scott Freschet as executives at Guide Care. According to their LinkedIn pages, Freschet previously worked in sales for Achieve3000, which itself was acquired McGraw Hill last year; Mehta, meanwhile, worked for more than nine years in engineering for Goyal's startup Actively Learn and was part of both the Achieve3000 and McGraw Hill acquisitions.
Amy McCullough is listed in the filing as a director at the company. McCullough is a managing director at Bellevue-based Trilogy Equity Partners. Trilogy has invested in the Seattle-based remittance company Remitly, which went public on the Nasdaq last year, and the Seattle-based logistics tech startup Shipium, which raised $27.5 million earlier this year, among others.
Recent data from Seattle-based financial data firm PitchBook and the National Venture Capital Association show Seattle-area companies have raised $4.4 billion through 250 venture capital deals so far this year, slightly below the pace of 2021's record numbers.
"Several themes are playing out that VC investors and startup founders are closely monitoring to better navigate the length and impact of the industry correction as it trickles down from the public market slowdown, inflation concerns and the tightening monetary environment," the report read.
