Key Highlights
- Mindset Care raises $13M, led by Science Inc., for expansion.
- Funding to support partnerships with community organizations and government agencies.
- Platform reduces disability application time from weeks to under an hour.
- Addresses growing backlog with 1.15 million cases pending at SSA.
Source: Business Wire
Notable Quotes
- “Mindset Care is a distillation of everything I’ve learned, channeled into a platform that streamlines the process for caregivers and individuals, helping them secure the money and benefits they are entitled to receive.” — Darren Webb, Co-founder & CEO at Mindset Care
- “We are thrilled to lead this funding round for Mindset Care and support Darren’s mission to provide crucial relief and assistance to those entitled to disability benefits.” — Michael Jones, General Partner at Science Inc
- “Mindset Care is transforming the application process for disability insurance and enabling claimants to apply for their much-needed benefits in a fraction of the time it used to take.” — Jackson Cummings, Head at Wellington Management
SoHC's Take
Mindset Care’s recent $13 million funding round signifies a critical step forward in addressing the inefficiencies in the Social Security Disability benefits application process, especially for those with mental health challenges. With the growing backlog of cases and the complexities involved in the application process, Mindset Care’s AI-driven platform offers a much-needed solution. The company’s focus on expanding partnerships with community organizations and leveraging technology to reduce application times positions it as a key player in alleviating the mental health crisis in the United States. This strategic approach not only supports vulnerable populations but also enhances the overall efficiency of the Social Security system.
