About Backpack Healthcare
Backpack Healthcare is a company based in Elkridge (United States) founded in 2021 by Shannon Chema.. Backpack Healthcare has raised $18.44 million across 4 funding rounds from investors including PACE Healthcare Capital, Techstars and HopeLab. Backpack Healthcare has completed 1 acquisition, including Hurdle Health. Backpack Healthcare offers products and services including Self Care App, Therapy Services, and Psychiatry and Medication. Backpack Healthcare operates in a competitive market with competitors including Little Otter, Pacify, Blueberry Pediatrics, Summer Health and Mahmee, among others.
- Headquarter Elkridge, United States
- Founders Shannon Chema
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.44 M (USD)
in 4 rounds
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Latest Funding Round
$2.87 M (USD), Series A
Aug 19, 2025
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Investors
PACE Healthcare Capital
& 11 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Backpack Healthcare
Backpack Healthcare offers a comprehensive portfolio of products and services, including Self Care App, Therapy Services, and Psychiatry and Medication. 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.
App for self-guided mental health support and resources for users.
Professional therapy for children and teens addressing behavioral issues.
Psychiatric care including medication management for mental health disorders.
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Funding Insights of Backpack Healthcare
Backpack Healthcare has successfully raised a total of $18.44M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.87 million completed in August 2025. 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 — $2.9M
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First Round
First Round
(01 Jun 2023)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series A - Backpack Healthcare | Valuation |
investors |
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| Mar, 2024 | Amount | Series A - Backpack Healthcare | Valuation | PACE Healthcare Capital | |
| Sep, 2023 | Amount | Seed - Backpack Healthcare | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Backpack Healthcare
Backpack Healthcare has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include PACE Healthcare Capital, Techstars and HopeLab. 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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Investments are directed by Collab Capital toward multiple sectors.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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BB Collaborative is focused on funding mindfulness and mind-training solutions.
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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 Backpack Healthcare
Backpack Healthcare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hurdle Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform providing mental health consultation
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Backpack Healthcare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Backpack Healthcare Comparisons
Competitors of Backpack Healthcare
Backpack Healthcare 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 Little Otter, Pacify, Blueberry Pediatrics, Summer Health and Mahmee, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Children's health consultations are facilitated through an online telehealth platform.
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| domain | founded_year | HQ Location |
Telemedicine platform for pediatrics
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| domain | founded_year | HQ Location |
Online platform for pediactric care
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| domain | founded_year | HQ Location |
Online pediatric consultations are provided via chat and questionnaires.
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| domain | founded_year | HQ Location |
Personalized maternity care is delivered via an online consultation platform.
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| domain | founded_year | HQ Location |
A mobile application providing expert answers to pregnancy-related queries.
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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 Backpack Healthcare
Frequently Asked Questions about Backpack Healthcare
When was Backpack Healthcare founded?
Backpack Healthcare was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Backpack Healthcare located?
Backpack Healthcare is headquartered in Elkridge, United States. It is registered at Elkridge, Maryland, United States.
Who is the current CEO of Backpack Healthcare?
Hafeezah Muhammad is the current CEO of Backpack Healthcare.
Is Backpack Healthcare a funded company?
Backpack Healthcare is a funded company, having raised a total of $18.44M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.55M, raised on Jun 01, 2023.
What does Backpack Healthcare do?
Provider of consultation services for pediatric and family mental healthcare. The company offers an app called Hello Backpack to address mental health challenges for children, young adults, parents, and caregivers.
Who are the top competitors of Backpack Healthcare?
Backpack Healthcare's top competitors include Blueberry Pediatrics, Summer Health and Little Otter.
What products or services does Backpack Healthcare offer?
Backpack Healthcare offers Self Care App, Therapy Services, and Psychiatry and Medication.
How many acquisitions has Backpack Healthcare made?
Backpack Healthcare has made 1 acquisition, including Hurdle Health.
Who are Backpack Healthcare's investors?
Backpack Healthcare has 12 investors. Key investors include PACE Healthcare Capital, Techstars, HopeLab, ECMC Group, and Collab Capital.