Predict your next investment

Rethink Impact company logo
Venture Capital
FINANCE | Investment Firms & Funds
rethinkimpact.com

See what CB Insights has to offer

Investments

46

Portfolio Exits

4

Funds

2

Partners & Customers

1

Service Providers

1

About Rethink Impact

Rethink Impact invests in impact companies with the potential to deliver outsized financial returns for investors alongside transformational social and environmental change. While the firm invests in a broad range of impact businesses, Rethink is particularly focused on supporting companies that have women in management roles and use technology to generate positive impact at scale, creating a more inclusive economy that provides enhanced benefits for people and the planet.

Rethink Impact Headquarter Location

707 Westchester Avenue Suite 401

White Plains, New York, 10604,

United States

914-269-0938

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Rethink Impact Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Rethink Impact Rank

Latest Rethink Impact News

Eleanor Health Raises $50 Million to Combat Historic Mental Health Crisis and Expand Proven Value-Based Care Model for Addiction and Mental Health

Apr 7, 2022

April 07, 2022 12:00 PM Eastern Daylight Time WALTHAM, Mass.--( BUSINESS WIRE )-- Eleanor Health , the first addiction and mental health provider delivering comprehensive, whole-person care through population- and value-based payment models, today announced it has closed a $50M Series C financing led by General Catalyst. The Company received significant participation from existing investors including Warburg Pincus and Town Hall Ventures, as well as new participation from Northpond Ventures and Rethink Impact, a venture capital firm investing in tech-forward organizations with female and non-binary leaders. Eleanor’s fundraising announcement comes on the heels of President Biden’s State of the Union that underscored the severity of the mental health and addiction epidemic in the United States. 40 million Americans struggle with addiction and serious mental illness. In the last year, more than 250,000 lives were lost in the United States due to overdose, suicide, and alcohol-related conditions, devastating families and communities across the country. “Mental health and addiction are some of our biggest health crises, but the problem is not just about access to care,” said Corbin Petro, CEO and co-founder of Eleanor Health. “Only one in 10 people with SUD and less than half of people with a mental health condition receive treatment, largely due to stigma, quality of care, and cost. Our population- and value-based models are designed for the 9 out of 10 people that may never receive care because of these barriers. We are so happy to partner with investors like General Catalyst to further our mission of helping people affected by addiction and other mental health conditions live amazing lives.” Eleanor Health will use the newly-raised capital to foster new risk-based, population health partnerships, expand into new markets, including Texas, and continue building its proprietary care delivery and analytics platform to help scale its evidence-based, data-driven, whole-person care model in communities across its six current markets. By the end of 2022, Eleanor Health will manage more than 60,000 members under its innovative partnership models, a population that traditional models struggle to reach. “We are thrilled to join Eleanor on its mission to transform the way we treat, pay for, and deliver care to those suffering from addiction and mental illness” shared Chris Bischoff, Managing Director at General Catalyst. “Eleanor's model of providing high value care that addresses all of their members’ health needs is fully aligned with our Health Assurance thesis. We are excited by the team's ability to drive sustainable outcomes and total cost of care reduction across large populations, and are deeply impressed by their accelerating traction with national and local payers." Here are some fast facts about Eleanor Health that you should know: Eleanor Health is leading the industry with population-based partnerships, which require proactive engagement of the most complex, highest cost, and highest risk members with a risk-based payment model tied to both quality improvement and reductions in total cost of care. To date, Eleanor has launched local partnerships with Tufts , Amerigroup , Optum and a national partnership with Aetna’s commercial business. These partnerships allow Eleanor to expand its impact by changing how improved health and care is paid for. By the end of 2022, Eleanor will manage more than 60,000 members and be available to over 22 million individuals as an in-network insurance benefit. Eleanor offers the only care model for mental health and addiction that is evidence-based, data-driven, tech-enabled, and founded in harm reduction. This care model, which includes medication-assisted therapy, psychiatry, individual and group therapy, peer recovery coaching, health navigation, and nurse case management, coupled with Eleanor’s diverse, compassionate teams, delivers superior clinical outcomes. In fact: 84% of members report improvement in substance use 70% of members report an improvement in depression & anxiety Members experienced an 84% reduction in emergency department and inpatient utilization While technology, including Eleanor’s proprietary member tools and data-driven personalization of care, allows for telehealth and efficient care team communication, Eleanor recognizes the value of a blended care model that allows for in-person and community-based care that meets members where they are. Eleanor is led by two female founders, Corbin Petro and Nzinga Harrison, who launched the company in 2019. Built on a foundation of diversity, Eleanor has assembled compassionate, mission-driven teams that reflect the varying races, ethnicities, gender identities and expressions, religions, and ages of its community members. “We don’t always see the technology sector leading the fight on something like addiction and mental health,” said Jenny Abramson at Rethink Impact. “The last two years have reinforced the needs for a radical transformation of addiction and mental health treatment. By leaning into more blended care models, innovative payer partnerships and with strong, diverse leaders at the helm, we think that Eleanor has the capacity to be the change that people struggling with addiction and other mental health conditions need.” To learn more about Eleanor, please visit: www.eleanorhealth.com To inquire about partnering with Eleanor, please visit: https://www.eleanorhealth.com/who-we-are/partner-with-us . About Eleanor Health Eleanor Health provides evidence-based, whole-person care specializing in addressing the unique complexities of individuals and populations with substance use disorders and mental health needs. Eleanor leverages proprietary technology and data-driven insights, compassionate teams, and population- and value-based payment to deliver superior clinical and financial outcomes. To learn more, visit: www.eleanorhealth.com Contacts

Rethink Impact Investments

46 Investments

Rethink Impact has made 46 investments. Their latest investment was in Culina Health as part of their Seed VC on May 5, 2022.

CBI Logo

Rethink Impact Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/31/2022

Seed VC

Culina Health

$4.75M

Yes

1

5/24/2022

Series B

Regrow

$38M

Yes

4

4/7/2022

Series C

Eleanor Health

$50M

Yes

3

12/17/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

9/16/2021

Series C

Subscribe to see more

Subscribe to see more

10

Date

5/31/2022

5/24/2022

4/7/2022

12/17/2021

9/16/2021

Round

Seed VC

Series B

Series C

Series B

Series C

Company

Culina Health

Regrow

Eleanor Health

Subscribe to see more

Subscribe to see more

Amount

$4.75M

$38M

$50M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

4

3

10

10

Rethink Impact Portfolio Exits

4 Portfolio Exits

Rethink Impact has 4 portfolio exits. Their latest portfolio exit was Classy on January 13, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/13/2022

Acquired

$99M

6

1/3/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

3/13/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

4/8/2019

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/13/2022

1/3/2022

3/13/2020

4/8/2019

Exit

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

6

10

10

10

Rethink Impact Fund History

2 Fund Histories

Rethink Impact has 2 funds, including Rethink Impact II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/9/2020

Rethink Impact II

Multi-Stage Venture Capital

Open

$182M

4

3/8/2017

Rethink Impact

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

7/9/2020

3/8/2017

Fund

Rethink Impact II

Rethink Impact

Fund Type

Multi-Stage Venture Capital

Subscribe to see more

Status

Open

Subscribe to see more

Amount

$182M

$99M

Sources

4

10

Rethink Impact Partners & Customers

1 Partners and customers

Rethink Impact has 1 strategic partners and customers. Rethink Impact recently partnered with UBS on March 3, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

3/10/2017

Partner

Switzerland

UBS Wealth Management Americas Partners with Rethink Impact to Contribute to Raising Industry's Largest1 Impact Investing Fund with Gender Lens Overlay

NEW YORK , March 9 , 2017 -- UBS partnered with Rethink Impact , a venture capital fund , to contribute to raising $ 110 + million , more than half of which came from UBS clients , including high net worth individuals , family offices , private foundations , and universities , for the closing of Rethink Impact .

1

Date

3/10/2017

Type

Partner

Business Partner

Country

Switzerland

News Snippet

UBS Wealth Management Americas Partners with Rethink Impact to Contribute to Raising Industry's Largest1 Impact Investing Fund with Gender Lens Overlay

NEW YORK , March 9 , 2017 -- UBS partnered with Rethink Impact , a venture capital fund , to contribute to raising $ 110 + million , more than half of which came from UBS clients , including high net worth individuals , family offices , private foundations , and universities , for the closing of Rethink Impact .

Sources

1

Rethink Impact Service Providers

1 Service Provider

Rethink Impact has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Rethink Impact Team

2 Team Members

Rethink Impact has 2 team members, including current Founder, Managing Partner, Jenny Abramson.

Name

Work History

Title

Status

Jenny Abramson

Founder, Managing Partner

Current

Heidi Krauel Patel

Pacific Community Ventures, AOL, Credit Suisse, and Deutsche Bank

Managing Partner

Current

Name

Jenny Abramson

Heidi Krauel Patel

Work History

Pacific Community Ventures, AOL, Credit Suisse, and Deutsche Bank

Title

Founder, Managing Partner

Managing Partner

Status

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.