KO Client Wave Life Secures $6M Seed Series for Gen Z Mental Health Access
- KO Firm
- March 20, 2023
KO client Wave Life, a science-backed mental health platform aimed at supporting Gen Z, recently announced that it has closed on a $6 million seed investment.
Sarah Adler, founder/CEO of Wave Life and Clinical Associate Professor of Psychiatry at Stanford University, said, “We understand that the major challenges Gen Z faces when it comes to mental health are the lack of access to high-quality licensed therapists and a lack of interest in traditional therapy. Many young adults, especially those who come from underrepresented backgrounds are disengaged and disappointed with their healthcare options and are seeking alternative solutions that are more relatable and convenient. But they don’t want to sacrifice science-backed care. We designed Wave Life to bridge this gap, providing a platform for personalized plans and on-demand coaching sessions accessible on the phone.”
Wave Life will use the funding to refine its product offering and expand further into the employer space. The round was led by Santé Ventures with participation from Hannah Grey, Joyance Capital, Gaingels, and Telocity Ventures.
KO partner Jennifer Rosenthal and attorney Samantha Pjesky represented Wave Life in the financing. Read more in Forbes and the press release.