NOCD Pitch Deck Used to Raise $34 Million in Series C for Mental Health

NOCD Pitch Deck Used to Raise $34 Million in Series C for Mental Health

Company Background:

NOCD, a mental health business that offers obsessive-compulsive disorder (OCD) treatment, has secured $34 million in investment led by Cigna Ventures and 7wireVentures. Despite a difficult fundraising environment for digital health companies in early 2023, the business was able to raise on favorable terms (at a greater value than before) by reaching its sales and financial targets.

NOCD works through an app that allows sufferers to sign up for virtual therapy and group sessions with OCD specialists. NOCD provides free self-help resources as well as feeds where individuals discuss their illnesses. In 2018, the firm began by renting a piece of an office shared by 7wireVentures and Livongo, a health startup that was acquired for $13.9 billion in 2020. NOCD's total investment now stands at $84 million, thanks to this fresh round of funding.

Business Model & Funding Summary:

• Industry: Healthcare
• Business model: B2C
• Year: 2023
• Amount raised: $34M
• Stage: Series C

Pitch Deck Used:

NOCD: $34M pitch deck for mental health startup