Announcing Mindset Care’s $13M Funding to Support Expansion of Disability Assistance Platform
The Science team is pleased to announce that Mindset Care, the platform designed to simplify the application process for Social Security Disability benefits for individuals with mental illnesses and their caregivers, has raised $13 million. Science led the latest funding round and has backed the company since it launched from Science Inc.’s startup studio.
We are thrilled to have Wellington Management, Tubbs Ventures, Enable Ventures, XYZ, and LivEdge Capital on board to enable Mindset to meet the growing demand for disability assistance. 17 million Americans live with a serious mental illness and qualify for disability benefits. Yet, it is estimated that about 65% of initial disability applications are denied, often due to errors or incomplete information. This financing will enable Mindset Care to expand into partnerships with community and large-scale organizations, including local mental health nonprofits, government agencies, and homeless shelters.
It has been a privilege to work with Darren Webb, Mindset’s co-founder and CEO, and see his passion and commitment to supporting people struggling with their mental health and their caregivers firsthand. Mindset Care’s community outreach teams work directly in homeless shelters, corrections facilities, veteran organizations, food drives, and rehab facilities to find and assist eligible applicants. Mindset’s platform utilizes AI to handle operational tasks, streamlining and automating the prequalification of prospective claimants and reducing the time required from weeks to less than an hour.
At Science, we remain steadfast in our dedication to supporting companies as they strive to build a brighter tomorrow for society. Organizations like Mindset Care are deploying innovative solutions to some of the world’s greatest challenges, and we are honored to be part of their journey.
We congratulate the entire Mindset Care team for their dedication and upward momentum. We are thrilled to continue working alongside Mindset Care and uplifting their critical role in addressing America’s mental health crisis.
