Why We Invested · Union Square Ventures
Why the firm invested
USV is participating in Daybreak's Series B financing as the company expands its role as a trusted partner for school districts.
We are excited to partner with Alex and the Daybreak team in their Series B as they continue to become the go-to trusted brand and partner to districts in providing this care and support.
Product
Daybreak builds a pediatric mental health platform integrated with existing school infrastructure to deliver personalized treatment plans and outcomes.
Alex and his team have built what is quickly becoming the leading pediatric mental health platform, working with the existing infrastructure in schools and districts to help the students that need it most at the right moment.
Traction
Daybreak works with over 60 U.S. school districts, including major districts in California, Oregon, and Texas.
Daybreak already works with more than 60 U.S. school districts including many of the biggest in California, Oregon and Texas, and others across the country that will be activated in time for the new school year.
Business model
Daybreak partners with Commercial and Medicaid insurance plans, covering more than 9 million lives.
Daybreak works with both Commercial and Medicaid plans and already has more than 9M lives covered.
Competition
Daybreak has developed proprietary supply channels to source quality and diverse providers in a supply-constrained provider market.
The team has also realized that who is supplying the care–the quality, diversity, accessibility, and reliability of the providers–is of paramount importance for efficacy and has developed unique supply channels at a critical moment in a supply constrained market.
What founders can learn
- What actually moved the decision: Union Square Ventures wrote that USV is participating in Daybreak's Series B financing as the company expands its role as a trusted partner for school districts.
- The traction evidence that carried weight: Union Square Ventures wrote that Daybreak works with over 60 U.S. school districts, including major districts in California, Oregon, and Texas.
- How the model was assessed: Union Square Ventures wrote that Daybreak partners with Commercial and Medicaid insurance plans, covering more than 9 million lives.
Source and provenance
Why We Invested published by Union Square Ventures on usv.com (first-party source). Read the original
