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NEW YORK, April 1, 2021 /PRNewswire/
Mantra Health, a digital mental health clinic that partners with higher education institutions, today announced an extension of $2 million bringing its total funding to $5.2 million. The round includes new institutional investors Canaan Partners, City Light Capital, and Baleon Capital, as well as strategic angels, including Dr. Nitin Nanda, the founder of Aligned Telehealth, acquired by Amwell. Mantra will use the extension to continue to expand its network of psychiatric and therapy providers to all 50 states. Additionally, the company will continue to sign and support contracts with health insurance carriers across the country to increase access to evidence-based mental healthcare for the 20 million post-secondary students in America. This move will help increase payment options for colleges and universities, and increase continuity of care for students during seasonal breaks and after graduation.