Cartwheel Raises $20M in Series A

Cartwheel, a Cambridge, MA-based provider of a platform helping schools tackle the student mental health crisis by delivering telehealth services, raised $20M in Series A funding.

The round was led by Menlo Ventures. Reach Capital, General Catalyst, BoxGroup and Able Partners also participated.

The company intends to use the funds to expand mental health services to hundreds of thousands of new students in current service areas, as well as school districts in new states.

Led by CEO Joe English, Cartwheel is a mental health partner to schools, delivering rapid access to care for students and helping schools build mental health programs that catch kids before they fall. Its evidence-based mental health program is designed around the entire school community. Its in-house team of licensed clinicians delivers evidence-based telehealth services, including 1-1 therapy, group therapy, parent guidance, and medication support – all as an in-network benefit covered by the family’s insurance. Operating year-round, Cartwheel allows students to see a licensed clinician at home or at school and during evenings, weekends, school breaks, and summers.

It is active in 50 school districts and charter networks.