Blueprint Secures $1.3M Seed Funding to Enhance Mental Health Care Platform for Clinicians

VCBeat (WeChat ID: vcbeat) recently learned that Blueprint, a U.S.-based mental health assessment company, has completed a $1.3 million seed funding round. The investors were the venture capital firms Lightbank and Hyde Park Angels. Blueprint will use the funds to attract more physician clients and expand its management and sales teams.

Founded in 2016, Blueprint is dedicated to assisting psychiatrists in treating patients with mental health conditions such as depression, anxiety, and post-traumatic stress disorder (PTSD). The company has established a digital platform that enables physicians to recruit and manage patients. Through a mobile application installed on patients’ smartphones, data on sleep patterns, physical activity, and medication adherence are recorded in real time via the device’s sensors.

Schematic Diagram of the Management Platform (Source: Blueprint Official Website)

After obtaining the raw data, Blueprint analyzes patient data based on its models to generate an assessment report. Psychologists then develop personalized treatment plans for patients according to the report. All data are statically encrypted during storage and transmission, and hosted on the AWS platform to ensure patient privacy.

For each consultation completed, physicians receive $15 from the health insurance fund. Blueprint can submit claims on behalf of physicians, eliminating the need for them to spend additional time dealing with insurance companies.

“Our platform can streamline the communication process among physicians, patients, and health insurance funds. Physicians no longer need to personally collect these data as they did in the past, which can save a significant amount of time,” said Danny Freed, CEO and founder of Blueprint.

“When I was in college five years ago, one of my closest friends suffered from bipolar disorder and later died by suicide. This is the primary reason I founded Blueprint. I hope to help patients with mental illnesses recover more efficiently and regain their enjoyment of life,” added Danny Freed.

Vic Pascucci, Managing Partner at Lightbank, stated, “Blueprint has established a mature business model, and we are delighted to collaborate with them. With its convenient and efficient data collection and personalized treatment plans, we see a bright future ahead—not only for patients using the platform but also for Blueprint itself.”

Lightbank, headquartered in Chicago, USA, was founded in 2010 and invests in startups at the seed and Series A stages. Its investment portfolio spans fintech, consumer goods, digital media, software services, and other sectors. The firm typically invests between $500,000 and $5 million per project.

Hyde Park Angels’ investment philosophy is people-centric, creating value for entrepreneurs and investors by driving startup growth. As one of the earliest and largest investment firms in the U.S. Midwest, Hyde Park Angels was founded in 2007 and currently employs over 200 professionals, with cumulative investments in more than 100 companies.

Reference Links:

https://blueprint-health.com/

https://www.businesswire.com/news/home/20190402005104/en/Mental-Health-Assessment-Platform-Blueprint-Raises-1.3M

https://www.mobihealthnews.com/content/blueprints-data-driven-approach-mental-health-care-draws-13m

(Compiled by Yang Shaobo)