Chicago-based NOCD, a digital behavioral health company focused on identifying and managing people with obsessive-compulsive disorder, announced a Series A fundraising round of $4 million. Led by Chicago Ventures, the round also includes 7Wire Ventures, Meridian Street Capital, and Hyde Park Angels.
These new venture capital partnerships are expected to aid in the nationwide expansion of NOCD’s Provider Network, positioning it to bring effective treatment to people with OCD, no matter where they live.
“OCD is far too frequently overlooked by healthcare technology solutions, despite the broad prevalence of this debilitating condition,” 7Wire Ventures Partner Robert Garber said in a statement. “We have been impressed with Stephen and his team from our very first meeting, and are excited by their ongoing market success and the achievement of this funding milestone. We are confident that, in the months ahead, their innovative and mission-driven thinking is going to improve the lives of many, and we look forward to our continued partnership with the company.”
One of the World Health Organization’s 10 most disabling conditions, OCD affects 2.5% of the population over the course of their lifetime, including 8.5 million people in the U.S.
