WeRecover raises $2 Million funding from Crosslink Capital

WeRecover raises $2 Million funding from Crosslink Capital
WeRecover raises $2 Million funding from Crosslink Capital

Roughly 90 percent of men and women in need of rehabilitation services for alcohol and drug abuse do not have access to these, as per a Substance Abuse and Mental Health Services Administration poll. Why? Frequently, since they do not know where to look.

Santa Monica-based WeRecover wishes to fill that information gap using its own Kayak-such as internet search engine for rehabilitation facilities. The startup’s fitting algorithm pairs individuals with a licensed rehabilitation facility with open beds, tailored to this individual’s budget, medical, insurance requirements and location. The target is to make it simpler for anybody seeking treatment for their to immediately find and secure a place at a centre, streamlining what could be an overwhelming and logistically complicated procedure which prevents individuals from getting the attention they want.

Now, WeRecover is declaring a second $2 million funding directed by Crosslink Capital, bringing its total venture capital financing to $4.5 million. Box Group, Wonder Ventures, Struck Capital and many others engaged in the round.

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“It is a very clear idea… but really no entrepreneurs everywhere were working to construct a market for addiction recovery centres,” WeRecover co-founder and chief executive officer Stephen Estes informed TechCrunch. “There is an overwhelming demand for a more straightforward approach to contact patients.”

WeRecover co-founder and chief executive officer Stephen Estes.

Founded in 2016 from Estes and Max Jaffe, WeRecover has quickly grown by linking a couple of hundred individuals looking for treatment a month to approximately 4,000 users each month. The startup provides advice on 11,000 treatment centers in 29 countries. The target is to get at least 1 application listed in each nation by the end of 2018. Presently, the majority of the apps the firm tracks are situated in California, Florida, Arizona and Colorado.

Estes explained the WeRecover database is the most extensive database of free, non invasive and state-funded therapy applications in life, simply because nobody had put out to aggregate this specific group of information until today.

The startup plans to utilize the most recent round of venture funding to keep searching down therapy centres to grow its database, enlarge its own 16-person team as well as finally, Estes stated, WeRecover would love to craft and incorporate content to the encounter.

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“We play a really significant function in somebody’s travel,” he explained. “They locate remedy through us and we’re a part of a few of the most crucial choices that they make in their lifetime, therefore we must keep them engaged. We do believe there is room to construct a program to help individuals maintain their sobriety and join them together with their peers”


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