Canopie, a maternal health company focused on preventive care, has announced the successful completion of its Seed Round, raising $3.7 million. The funding was co-led by Beta Boom and Aeroflow Health, with additional support from investors including the Sorenson Institute, Luminary Impact Fund, Symphonic Capital, Techstars, and a family office. The new capital will enable Canopie to expand its personalized, virtual mental health services, which are covered by insurance, to support new mothers across the United States.
“I feel so proud. We have a lot of momentum to deepen our impact while expanding the services we provide,” said Anne Wanlund, Founder and CEO of Canopie. “Our focus has been on prevention because it’s the right thing to do—most maternal mental health conditions, and maternal health complications, are preventable. And we are seeing progress around how these challenges are being prioritized and paid for by our healthcare partners.”
Canopie’s platform offers a comprehensive suite of services, including one-on-one behavioral health assessments, care management, on-demand therapeutic programs, and clinician-led virtual classes. The company engages with expecting mothers early in their pregnancies, providing real-time insights to care partners to help improve health outcomes.
The company’s core program, which is available on demand, was developed by perinatal clinical psychologists, physicians, researchers, and new mothers. The program is backed by extensive research, including 7 meta-analyses and 50 randomized control trials. This scientific foundation is critical to the company’s mission to provide evidence-based mental health care to mothers at all levels of risk.
“Anne is a brilliant and empathetic leader who people want to follow,” said Kimmy Paluch, Managing Partner at Beta Boom. “They are drawn to her, not only for her vision, but because she cares deeply for her team and the patients that she is helping through Canopie.”
Canopie has already seen significant success with its programs. In a recent case study with GuideWell, the parent company of Florida Blue, 89% of members engaged with Canopie’s core program, 100% of program completers reported improved mood, and 79% of those surveyed said they were more likely to seek care as a result of the program. Notably, Black, Latina, and resource-constrained mothers were the highest engagers and reported the most benefit from the service.
Scott Sonnone, President of Aeroflow and a Canopie board member, praised the company’s mission and its potential for impact. “What drew me to Canopie was Anne’s passion to ‘bring joy to the journey’ and her ‘failure is not an option’ level of commitment in the pursuit of patient-centric solutions. The synergies between our companies present a unique opportunity to genuinely impact maternal health on a population level and give me so much faith in Canopie’s ability to grow and succeed,” Sonnone said.
The funds from this seed round will be used to enhance Canopie’s platform, improve user experience, and address social determinants of health (SDoH) that impact maternal outcomes. With this investment, Canopie aims to scale its services and provide much-needed support to more mothers across the country.
