Equip, which specializes in treating eating disorders, raised $58 million in Series B funding

Equip, a US start-up that provides telemedicine treatment for people with eating disorders, has raised $58m in a second round of Series B funding.Tiger Global, General Catalyst, F-Prime Capital, Optum Ventures,.406 Ventures and Katie Couric Media also participated in the round.Founded in 2019, Equip focuses on treating eating disorders and has established a care team for patients that includes therapists, doctors, peer mentors, family mentors and dietitians.Using home-based teletherapy to help children, teens, and young adults with eating disorders, and working with 10 major commercial health insurers as well as Medicaid, Equip markets its product as a way to provide treatment at home and incorporate family members into the care model.Eating disorders are common in the United States.In fact, approximately 9 percent of the U.S. population, or 28.8 million people, will have an eating disorder during their lifetime, according to the American Association of Anorexia Nervosa and Related Disorders.Equip’s clinical results indicated that, after eight weeks of treatment, 71% of patients reported a reduction in eating disorder symptoms and two-thirds reported an improvement in mood.During that time, 96 percent of parents expressed more confidence in caring for a child with an eating disorder.It is understood that the financing will use the money to expand its telemedicine technology, expand insurance coverage and launch new services.

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