Boomerang Ventures Fuels Mentavi Health’s Growth With Series AA Investment And Strategic Support

Mentavi Health is a Boomerang Ventures’ Portfolio Company

August 10, 2023 | Audra Wait

Innovation Pushes a New Era of Accessible and Transformative Mental Health Care

Boomerang Ventures, a leading combination venture capital and studio firm specializing in early growth-stage connected health technology companies, is thrilled to announce its pivotal role in Mentavi Health‘s recent series AA investment round. This transformative investment positions Mentavi Health, the visionary force behind ADHD Online, for accelerated growth and groundbreaking advancements in telehealth innovation.

With a strong commitment to increasing patient access to quality mental health care, Mentavi Health has garnered widespread recognition for its innovative approach to separating assessment from treatment, ensuring rigorous clinical standards, and streamlining care across a spectrum of mental health needs.

“Mentavi Health’s mission deeply resonates with our own values at Boomerang Ventures. By providing critical capital and leveraging our extensive network, we are thrilled to fuel Mentavi Health’s growth and make a meaningful impact in the healthcare industry,” said Oscar Moralez, Founder & Managing Partner, Boomerang Ventures, and advisory board member, Mentavi Health.

As part of the Series AA round, notable investors, including Wakestream VenturesMichigan Capital Network, and Boomerang Ventures, have closed on $2 million in funding to date, providing Mentavi Health with the resources to propel innovation, expand market reach, and solidify its position as a leading player in the mental health assessment and treatment landscape.

“The alignment between Mentavi Health’s vision and Boomerang Ventures’ strategic support is truly inspiring. We are eager to collaborate on driving the future of mental healthcare, creating accessible and affordable solutions for all,” added Moralez.

In addition to the investment, Mentavi Health has appointed Keith Brophy as CEO, a distinguished leader with extensive experience in the healthcare and technology sectors. Brophy’s dynamic leadership capabilities and track record of driving scalable innovations make him ideally suited to lead ADHD Online’s ambitious journey toward delivering exceptional patient care.

“The Boomerang Ventures’ partnership is a key milestone as we extend our diagnostic assessment offerings, targeting a broader spectrum of related conditions, all while navigating the evolving mental healthcare arena,” said Mentavi Health CEO Keith Brophy.

Mentavi Health has also assembled a new board of directors, drawing from diverse expertise in healthcare, patient journey, and company building. The board comprises industry leaders and strategic thinkers dedicated to guiding the company’s vision and growth alongside founders Zach Booker and Randy Duthler, MD.

Boomerang Ventures remains committed to supporting Mentavi Health’s innovative vision and extending its positive impact on mental health care access. As the venture capital firm continues to reimagine healthcare innovation, it strengthens its strategic position at the crossroads of health technology, studio-fund synchronization, and the thriving entrepreneurial ecosystem in Indianapolis.

About Boomerang Ventures

Boomerang Ventures, founded in 2019, is a visionary venture capital firm focused on early growth-stage connected health technology companies. Bridging the gap between innovation and market success, Boomerang provides collaborative direction and deep industry expertise to empower founders on their journey from ideation to market. With its strategic base in Indianapolis, Boomerang Ventures distinguishes itself through its unique alignment of health technology, studio-fund synergy, and Midwest opportunities. For more information, visit boomerang.vc.

About Mentavi Health

Mentavi Health, home of ADHD Online, is an innovative trailblazer in the telehealth startup ecosystem, committed to providing accessible and affordable quality mental health care. By separating assessment from treatment and adhering to rigorous clinical standards, Mentavi Health empowers patients to take control of their lives across a spectrum of mental health needs. With secure online assessments and licensed psychologist reviews available in all 50 states, Mentavi Health is a critical voice for those seeking support in their mental health journey. ADHD Online is a brand under Mentavi Health, addressing ADHD and related mental health conditions alongside organizational customers. For more information, visit mentavi.com or adhdonline.com.

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Curious about stimulant or non-stimulant approaches?

If you’re navigating ADHD or other mental health challenges, you have options. At Mentavi Health / ADHD Online, we assess what works for you. 
Some may start with non-medicated approaches like coaching or therapy.  In other cases, patients may explore medication treatment paths when warranted by diagnosis. For some diagnosed with ADHD, the treatment clinician may work with the patient to determine if stimulant approaches work best for them. Stimulant approaches are certain medications under medical treatment that are generally Class II controlled substances. Non-stimulant options are another approach that can work for many.  Medication approaches can be used in tandem with coaching or therapy. 
 
The key is starting with our diagnostic evaluation, which is reviewed by a qualified healthcare professional. Getting clarity on what you’re experiencing is the first step toward feeling more in control. From there, you and your treatment team can determine the best path—whether that’s coaching, therapy, medication, or a combination that works for your life. 
 
If you’re not feeling right, let us walk alongside you by starting with the diagnostic evaluation.
There may be a brief delay in service today between 12:30 PM and 1:30 PM ET. Thank you for your patience — we look forward to assisting you shortly.
 
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Join Our ADHD Research Study

Mentavi Health is conducting ADHD research and is accepting a limited number of participants. Participants in our clinical study will get an ADHD Assessment at no cost. 

Who can join?
  • Age 19+
  • Primary language is English
  • Not previously diagnosed with ADHD
  • Not a current patient of ADHD Online or Mentavi Health
  • A resident of any of the 50 US states or DC (not including Puerto Rico or other territories)
 
Why participate?
Your involvement will help improve mental health care for everyone.
 

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