Candlelit Care
A virtual-first, integrated maternal mental healthcare service to simplify access to data-driven emotional support for underserved, low-income parents dealing with stress, depression or anxiety while trying to conceive, currently pregnant and recovering from birth.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | $120k | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Candlelit Care operates as a virtual perinatal mental health service, directing its focus toward identifying and managing symptoms for Black pregnant and postpartum parents. The company was founded in 2019 by Lauren Elliott, who serves as the CEO. Her personal experience with a traumatic birth of her eldest son was the catalyst for developing the service. Elliott's background includes work as a reporter for The New York Times Journalism Institute and as a Senior Health Marketing Manager for the NYC Department of Health and Mental Hygiene, and she holds a Master's degree in Public Affairs Journalism.
The company's core offering is a platform that uses AI-driven screening, coaching, and psychoeducation. This service is led by trained peers and has clinical backing from reproductive psychiatrists and psychologists. The business model is a B2B2C SaaS approach, partnering with health plans, employers, and maternity care providers like doctors, midwives, and doulas to deliver its services. These partnerships aim to improve health outcomes and reduce costs. For individuals, Candlelit Care provides access to a virtual coaching team, symptom tracking analytics, and a supportive online community. The process involves an initial assessment to create a snapshot of a person's mental well-being, followed by pairing with a dedicated coach who develops a flexible care plan.
Candlelit Care's mission is to simplify access to equitable perinatal mental health treatment by providing affordable coaching and guided support. The service is specifically designed to be culturally affirming for Black women and families, aiming to remove the stigma surrounding perinatal mental health in this demographic. While the primary focus is on Black parents, the service is open to all parents at risk of perinatal mood and anxiety disorders (PMADs). The company has received a total of $240K in funding from investors including Techstars, Jumpstart Foundry, Right Side Capital Management, Texas Medical Center, and AHIMA.
Keywords: perinatal mental health, maternal healthcare, Black maternal health, virtual mental health, AI-driven health, postpartum support, health equity, PMADs, digital health, B2B2C SaaS, mental health coaching, psychoeducation, symptom tracking, culturally-affirming care, reproductive psychiatry, healthtech, femtech, employee wellness, health plans, care coordination