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Daybreak Health (formerly Elemental Health)
Online counseling, designed for teens
About Daybreak Health (formerly Elemental Health)
Daybreak Health is a digital health startup that provides online mental health services to K-12 students. The company operates in the teletherapy market, offering evidence-based programs that are designed to improve students' mental health and, in turn, their academic performance. Daybreak Health's services are tailored to each student's unique needs, with specialized sub-programs for specific student subpopulations who are at a higher risk of mental health challenges, such as BIPOC, LGBTQ+, low-income students, and those living in rural areas or experiencing homelessness.
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The company's business model revolves around partnering with schools to expand their mental health support capacity. Schools can easily refer students to Daybreak Health, which then provides a full treatment cycle of 12+ weeks, aiming to bring about concrete improvements in students' mental health. This is not a short-term, transitional care model, but a comprehensive program designed to effect lasting change.
Daybreak Health's revenue comes from the fees paid by schools for its services. The company positions itself as a high-quality mental health support provider, not just a "check-the-box" solution, which suggests a focus on delivering real value to its clients.
In summary, Daybreak Health is a teletherapy service provider that partners with schools to offer tailored mental health support to K-12 students, with a focus on improving both their mental health and academic performance.
Latest news
Press, funding announcements and product moves mentioning Daybreak Health (formerly Elemental Health).
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Aug 2023 | $13M | $52M | Y Combinator · Lux Capital · Maven Ventures · Lightspeed Venture Partners | ↗ |
| SERIES AEquity / VC | Mar 2022 | $10M | $40M | Lightspeed Venture Partners | — |
Growth signals
Latest recorded traffic for Daybreak Health (formerly Elemental Health) is 9.3K monthly website visits, down 7% over the last three months. Daybreak Health (formerly Elemental Health)'s team grew 0.9% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Y Combinator
Maven Ventures
Series A3 investors entered at this stage
Other known investors5 additional known investors
FORM Venture Fund
Markus Okumus
Rebel Fund
SB Opportunity Fund
Telosity
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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