Minded
Offering a better way to renew and refill mental health prescriptions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 71 % | - |
| 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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Minded is a telehealth startup that specializes in providing online prescriptions for mental health medications, specifically targeting conditions such as depression, anxiety, and insomnia. The company was founded by a team of entrepreneurs and psychiatrists with the aim of simplifying the process of obtaining mental health medication. Minded operates in the healthcare sector, focusing on mental health services.
The primary clients of Minded are individuals who have previously been prescribed controlled medications for mental health conditions. These clients can benefit from the convenience of having their prescriptions refilled and delivered directly to their homes, without the need for an in-person doctor's visit. This service is particularly valuable for those who may face barriers to accessing traditional healthcare, such as long wait times or geographical limitations.
Minded's business model is subscription-based. Clients can get their first month of service for a promotional rate, and subsequent months are billed at a standard rate. This model ensures a steady stream of recurring revenue for the company. Additionally, Minded offers special promotions, such as free first-month trials during events like Cyber Week, to attract new customers.
The company makes money by charging clients for the convenience and accessibility of its telehealth services. By eliminating the need for physical doctor visits, Minded reduces overhead costs and passes some of these savings on to the consumer, while still maintaining a profitable margin.
In summary, Minded leverages technology to make mental health care more accessible and convenient, serving a niche market of individuals with prior prescriptions for controlled medications. The company’s innovative approach addresses a significant gap in the mental health care system, providing timely and efficient medication management.
Keywords: telehealth, mental health, online prescriptions, depression, anxiety, insomnia, subscription-based, medication delivery, healthcare startup, convenience.