LunaJoy Health is making strides in addressing maternal mental health with the introduction of LunaCare, an integrated care program aimed at enhancing outcomes in maternal mental health. The initiative comes on the heels of securing $4.2M in new funding, supported by a consortium of investors, including Y Combinator, FoundersX Fund, Goodwater Capital, Magic Fund, VentureSouq, Nurture Ventures, NorthSouth Ventures, and seasoned healthcare angels among others. The company has raised $6.6M to date.
“LunaJoy Health’s mission to bring a new standard to maternal health care for Medicaid mothers aligns perfectly with our goal of supporting scalable solutions to the world’s most pressing challenges. We’re proud to back such a vital initiative that promises significant impact,” said Surbhi Sarna, Partner at Y Combinator.
This spring, the Centers for Medicare and Medicaid Services will release a Notice of Funding Opportunity for state Medicaid programs, and Children’s Health Insurance Program (CHIP), as part of a 10-year Transforming Maternal Health Model (TMaH). The program is designed to help institutions expand infrastructure and improve the quality and safety of mental health care for vulnerable populations.
“The support from our investors, coupled with the current focus on maternal health improvements through TMaH funding, sets the stage for the change we need to see so badly across the industry,” said Sipra Laddha, CEO of LunaJoy Health. “Mental health is a lifetime pursuit, and we want to design a way to engage and support women with a variety of needs and varying degrees of risk. By using technology, we can measure and treat symptoms more effectively, delivering a better service model to meet rising demand and a shortage of therapists in the U.S.”
The financial backing from investors and strategic alignment with TMaH funding positions LunaJoy Health to expand its program reach and integrate advanced technology solutions for enhanced care coordination and patient monitoring. Currently serving over 15 payers and available in more than a dozen states, LunaJoy Health’s mission-driven approach aims to eliminate disparities in women’s mental health and improve health outcomes for all families.
