Excited to announce our investment in the $9M series A for Blueprint Health, which helps mental health providers deliver effective treatment, more here. The investors include Lightbank, Ensemble and Bonfire. Tau Ventures is an AI-first fund in Silicon Valley investing primarily in mature seed, typically when there is a pipeline of customers, but occasionally we take later bets when there is exceptional promise. We found Blueprint to be intriguing in several areas: (1) strong need (2) an execution-focused team, and (3) a meaningful product.
1) The Need
There is much to do still when it comes to mental health care. Specifically, only just about 1 in 10 patients seeking care actually gets better, there is significant trial and error with each cycle taking months, and very little feedback loops to learn from success and failure.
2) The Team
We see in CEO / founder https://www.linkedin.com/in/dsfreed someone level-headed who has surrounded himself with good people. We were also surprised to learn it was only a group of 15, which spoke for itself on how execution oriented they are. The extended team is complemented by experienced advisors and investors who are well respected.
3) The Product
One metric about Blueprint that really impressed us is they help patients feel better almost twice faster, in large part by helping clinicians adjust treatments quicker. We also appreciated they are charging payors (insurance) directly rather than asking patients (all of us) to pay even more out of pocket. Using their product patients and doctors can track progress across symptoms, sleep, exercise and treatment goals; put learnings from a session into practice throughout a week; and connect patients to crisis resources in times of need.
Primary author of this article is Amit Garg. Originally published on “Data Driven Investor,” am happy to syndicate on other platforms. I am the Managing Partner and Cofounder of Tau Ventures with 20 years in Silicon Valley across corporates, own startup, and VC funds. These are purposely short articles focused on practical insights (I call it gl;dr — good length; did read). Many of my writings are at https://www.linkedin.com/in/amgarg/detail/recent-activity/posts and I would be stoked if they get people interested enough in a topic to explore in further depth. If this article had useful insights for you, comment away and/or give a like on the article and on the Tau Ventures’ LinkedIn page, with due thanks for supporting our work. All opinions expressed here are my own.
