On January 25, 2021, Hurdle, an innovative digital mental health platform company, announced it has successfully closed a $5 million Series Seed financing co-led by 406 Ventures and Seae Ventures with participation from F-Prime. Hurdle will use the new capital to strategically scale its evidence-based and tech-enabled platform, designed to support culturally diverse populations' behavioral health needs. Wilson Sonsini Goodrich & Rosati represented Hurdle in the transaction.

"With depression spiking in Black and minority communities, this year is an inflection point in mental healthcare. The events of 2020 present a unique opportunity for Hurdle to create solutions that work for anyone, but most importantly, for the most underserved populations," says Kevin Dedner, founder and CEO of Hurdle. "With this financing, Hurdle will significantly expand its reach and be able to help corporate and payer customers cement their diversity and inclusion commitments by providing broader access to culturally responsive mental health services."

The funding will enable Hurdle to expand its leadership team and solidify its leadership in culturally sensitive teletherapy. As Hurdle builds operational scale, it will offer its platform directly to insurers and large employers.

The Wilson Sonsini team that represented Hurdle in the transaction includes Elton Satusky, Broderick Henry, and Deirdre Mitra.

For more information, please see Hurdle's press release.