Canopie raises $3.7M to broaden preventive maternal health care

Venture
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September 20, 2024
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2 MIN READ
Sofya Zhamoitina
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Venture Reporter

Canopie, a maternal health company focused on prevention, has raised $3.7M in a Seed Round co-led by Beta Boom and Aeroflow Health, with additional backing from the Sorenson Institute, Luminary Impact Fund, Symphonic Capital, Techstars, and a family office. The funding will help expand Canopie's personalized virtual mental health services, covered by insurance, to address social drivers of health (SDoH) for mothers of all risk levels in the U.S.

Founder and CEO Anne Wanlund shared, “I feel so proud. We have a lot of momentum to deepen our impact while expanding the services we provide. Our focus has been on prevention because it's the right thing to do—most maternal mental health conditions, and maternal health complications, are preventable. And we are seeing progress around how these challenges are being prioritized and paid for by our healthcare partners."

Canopie offers one-on-one behavioral health assessments, care management, on-demand programs, and clinician-led virtual classes. It engages expecting mothers early, providing real-time insights to care partners to improve health outcomes.

Canopie's core program, developed by experts and new moms, is based on research from 7 meta-analyses and 50 randomized control trials. In a case study with GuideWell, 89% of participants engaged in the program, 100% reported improved mood, and 79% attributed Canopie to increased care-seeking behaviors, with Black, Latina, and resource-constrained moms benefiting the most.

Scott Sonnone, President of Aeroflow and Canopie Board Member, remarked, "What drew me to Canopie was Anne's passion to 'bring joy to the journey' and her 'failure is not an option' level of commitment in the pursuit of patient-centric solutions. The synergies between our companies present a unique opportunity to genuinely impact maternal health on a population level and give me so much faith in Canopie's ability to grow and succeed."

Image credit: canopie

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