About Affect
Affect is a company based in New York (United States) founded in 2020 by Rachel Lin, Jeffrey De Flavio, Kevin Ryan, and Kristin Muhlner. It operates as a HealthTech, and Subscription Services. Affect has raised $25.07 million across 4 funding rounds from investors including Acumen, HHS and LifeArc. Affect offers products and services including Digital Addiction Treatment and Digital Mental Health Treatment. Affect operates in a competitive market with competitors including PursueCare, Ria Health, CureApp, CAIRY and The Recovery Tribe, among others.
- Headquarter New York, United States
- Founders Rachel Lin, Jeffrey De Flavio, Kevin Ryan, Kristin Muhlner
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Affect Therapeutics, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.07 M (USD)
in 4 rounds
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Latest Funding Round
$18.07 M (USD), Series A
Jul 12, 2023
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Investors
Acumen
& 8 more
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Employee Count
Employee Count
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Products & Services of Affect
Affect offers a comprehensive portfolio of products and services, including Digital Addiction Treatment and Digital Mental Health Treatment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital treatment for addiction is provided via app.
Mental health care is delivered through mobile app.
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Funding Insights of Affect
Affect has successfully raised a total of $25.07M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $18.07 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $18.1M
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First Round
First Round
(21 Apr 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - Affect | Valuation | Artis Ventures | |
| Sep, 2021 | Amount | Grant - Affect | Valuation |
investors |
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| Aug, 2021 | Amount | Seed - Affect | Valuation | City Light Capital , Kapor Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Affect
Affect has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Acumen, HHS and LifeArc. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are invested in by Artis Ventures.
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Founded Year | Domain | Location | |
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Venture capital-backed accelerator focused on healthcare and multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in environmental, education & safety care sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Affect
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Affect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Affect Comparisons
Competitors of Affect
Affect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PursueCare, Ria Health, CureApp, CAIRY and The Recovery Tribe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Addiction treatment is delivered via mobile app teleconsultations.
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| domain | founded_year | HQ Location |
Personalized medical treatment for alcohol consumption control is provided.
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| domain | founded_year | HQ Location |
Therapeutic mobile applications for medical conditions are developed.
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| domain | founded_year | HQ Location |
Provider of mobile app to manage alcohol addiction
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| domain | founded_year | HQ Location |
Mobile app for addiction recovery
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Affect
Frequently Asked Questions about Affect
When was Affect founded?
Affect was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Affect located?
Affect is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Affect?
Kristin Muhlner is the current CEO of Affect. They have also founded this company.
Is Affect a funded company?
Affect is a funded company, having raised a total of $25.07M across 4 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Apr 21, 2021.
What does Affect do?
Comprehensive digital treatment for addiction and mental health issues is provided by Affect through a smartphone app. Services include counseling, therapy, medication management, and peer support, all delivered in a confidential, fully online format. Sectors served include healthcare with a focus on mental wellness and substance use recovery. Solutions such as telehealth, daily progress tracking, and science-backed rewards systems are integrated to support healthy habits and recovery.
Who are the top competitors of Affect?
Affect's top competitors include PursueCare, Ria Health and CureApp.
What products or services does Affect offer?
Affect offers Digital Addiction Treatment and Digital Mental Health Treatment.
Who are Affect's investors?
Affect has 9 investors. Key investors include Acumen, HHS, LifeArc, Artis Ventures, and AlleyCorp.
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