Affect Therapeutics

Digital treatment for alcohol & drug addiction delivered through a revolutionary smartphone app that motivates recovery

General Information
Company Name
Affect Therapeutics
Founded Year
2020
Location (Offices)
United States +13
Founders / Decision Makers
Number of Employees
115
Industries
Health Care, Health and Wellness, Sports
Funding Stage
Series A
Social Media

Affect Therapeutics - Company Profile

Affect Therapeutics is a health care startup that provides digital treatment for alcohol and drug addiction through a revolutionary smartphone app. Utilizing contingency management and rewards systems, the app leverages behavioral engineering and gamification principles to stimulate the brain's rewards center, helping individuals reduce their substance use and manage addiction. Accredited by CARF International and supported by NIDA and NIH, Affect's program and technology achieve outcomes more than double of traditional rehab models. The company received a $16.00M Series A investment on July 12, 2023, with investors including City Light Capital, AlleyCorp, Samsung NEXT, LifeArc, Whatif Ventures, and Artis Ventures (AV). Affect Therapeutics aims to make its program accessible to communities without clinics and offers partnership opportunities for organizations addressing the addiction crisis. The company's innovative approach to addiction treatment and strong investor support positions it as an influential player in the healthcare industry.

Taxonomy: Substance Use Disorder Treatment, Digital Health, Mobile App, Addiction Recovery, Behavioral Engineering, Gamification, CARF Accreditation, Harm Reduction, Continuum of Care, Healthcare Partnerships, Medicaid Coverage, Insurance Plans, Referral Network, Clinical Research

Funding Rounds & Investors of Affect Therapeutics (4)

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Funding Stage Amount No. Investors Investors Date
Series A $16.00M 6 Artis Ventures (AV) 12 Jul 2023
Series A Unknown 4 Artis Ventures (AV) 01 Feb 2023
Seed Round $6.00M - 23 Jul 2021
Seed Round $1.00M - 21 Apr 2021

Latest News of Affect Therapeutics

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No recent news or press coverage available for Affect Therapeutics.

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