Total amount raised
$28 Million
Latest funding date
3/1/2022
Location
Kintsugi has successfully raised funding through 9 rounds, with notable investors including Primetime Partners, AngelList, and lead investor Insight Partners. The company leverages machine learning and voice biomarkers to detect signs of clinical depression and anxiety, operating in fields such as AI, Biotechnology, and Mental Health.
Keep reading to explore the intricacies of Kintsugi's fundraising journey and the investors backing this innovative platform.
What Is Kintsugi?
Kintsugi, based in Berkeley, California, is a pioneering company in the mental health technology sector. Founded by Grace Chang, the company employs between 11-50 people. Kintsugi leverages machine learning and voice biomarkers to detect signs of clinical depression and anxiety, integrating their technology into various systems like call centers and telehealth platforms.
Operating in industries such as artificial intelligence, biotechnology, and health diagnostics, Kintsugi aims to scale access to mental healthcare. Their innovative solutions, including the Kintsugi Voice API and self-care app, have garnered recognition from prestigious organizations for their contributions to AI and mental health technology.
How Much Funding Has Kintsugi Raised?
- Pre-Seed Round
- Amount Raised: USD 20,000
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their voice biomarker technology.
- Grant
- Amount Raised: USD 249,772
- Date: August 2019
- Lead Investors: National Science Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development in voice biomarkers for mental health.
- Pre-Seed Round
- Amount Raised: USD 1,200,000
- Date: November 2020
- Lead Investors: Focal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine their technology.
- Pre-Seed Round
- Amount Raised: USD 150,000
- Date: January 2021
- Lead Investors: KidsX, Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and accelerate product development.
- Grant
- Amount Raised: USD 256,000
- Date: September 2020
- Lead Investors: National Science Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing research and development efforts.
- Seed Round
- Amount Raised: USD 8,000,000
- Date: August 2021
- Lead Investors: Acrew Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance their technology platform.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: MassChallenge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and mentorship.
- Series A
- Amount Raised: USD 20,000,000
- Date: February 2022
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate efforts in detecting mental health conditions and scaling access to mental healthcare.
Total Amount Raised: USD 29,875,772. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm based in New York. They focus on high-growth technology, software, and Internet startup and ScaleUp companies.
- Investment Focus Areas: Technology, software, Internet startups.
- Notable Investments: Twitter, Shopify, DocuSign.
- Acrew Capital
- Details: Acrew Capital is a venture capital firm that invests in early-stage companies across various sectors. They aim to support innovative startups with potential for significant growth.
- Investment Focus Areas: Early-stage companies, technology, financial services.
- Notable Investments: Chime, Exabeam, Pie Insurance.
- Primetime Partners
- Details: Primetime Partners is a venture capital firm focused on the aging sector and older adults. They invest in early-stage companies that address the needs of this demographic.
- Investment Focus Areas: Aging sector, healthcare, technology.
- Notable Investments: Not publicly disclosed.
- AngelList Fund
- Details: AngelList Fund is a platform for startup investing, allowing individuals to invest in early-stage companies. They provide a network for angel investors to support innovative startups.
- Investment Focus Areas: Startups, technology, early-stage companies.
- Notable Investments: Not publicly disclosed.
- National Science Foundation
- Details: The National Science Foundation (NSF) is a government agency that supports research and education in science and engineering. They provide grants to promote innovation and scientific advancement.
- Investment Focus Areas: Science, engineering, research and development.
- Notable Investments: Not publicly disclosed.
What's Next for Kintsugi?
As Kintsugi continues to innovate in the mental health sector, the company is poised to capitalize on significant opportunities. By leveraging their voice biomarker technology, they aim to enhance mental health diagnostics and integrate their solutions with telehealth platforms and clinical call centers. This approach not only broadens access to mental healthcare but also provides valuable insights into mental health trends across diverse populations.
Future fundraising efforts are likely to be bolstered by the strong investor interest demonstrated in their recent Series A round. With backing from prominent venture capital firms, Kintsugi is well-positioned to secure additional funding to further develop their technology and expand their market reach. However, challenges such as ensuring the accuracy of their technology and addressing privacy concerns will need to be navigated carefully to maintain their growth trajectory.
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