The Daily Startup: Telehealth Provider MindCare Solutions Raises $12.8M

dailystartup_D_20090806101628.jpgArt by Mike Lucas

Telemedicine, a logical digital era step, is tackling mental health. MindCare Solutions Group Inc., a telehealth company that seeks to improve access to mental health care, has raised $12.8 million toward a $14.5 million financing, according to a regulatory filing. MindCare, based in Franklin, Tenn., said it complements physician practices with its telehealth-based mental-health services. Telehealth services, which enable patients to gain access to clinicians over the phone or on the Web, are seen by some investors as an important means of expanding access to medical services.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Door to Door Organics has been delivered a $4.1 million investment, according to a regulatory filing, that comes after a $25.5 million Series B round a year ago.

Digg, once a rising star in link sharing, has picked up  a $4 million Series A round led by DG the Tokyo unit of Digital Garage

DraftKings and  FanDuel have filed suit to prevent shuttering of their New York operations, amid an onslaught of woes for the daily fantasy sports sites facing a backlash over gambling concerns.

(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit, scroll to the bottom and click “try for free.”)


Secretive, Sprawling Network of ‘Scouts’ Spreads Money Through Silicon Valley. Startup investor Jason Calacanis took a $25,000 gamble five years ago on a company almost no one had heard of called UberCab. That investment in what is now Uber Technologies Inc. has ballooned to roughly $110 million. Mr. Calacanis has never said publicly where the money came from: Sequoia Capital, one of Silicon Valley’s biggest venture-capital firms. Since 2009, Sequoia has funneled millions of dollars to scores of well-connected entrepreneurs, academics and other people known as scouts.

Uber’s Top Lobbyist in Europe Mark MacGann to Step Down. Uber Technologies Inc.’s top lobbyist in Europe plans to exit the company after just a year and a half on the job, leaving the car-hailing firm without a chief architect of its strategy in the face of regulatory obstacles across the region.

Write to Scott Martin at Follow him on Twitter at @scottysmartin