Affect Therapeutics

Affect Therapeutics

Using mobile technology to deliver the world's first evidence-based, substance-specific recovery program for methamphetamine and cocaine use disorder. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€58—87m (Dealroom.co estimates Jul 2023.)
Remote Oregon (HQ)
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DateInvestorsAmountRound
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N/A

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$1.0m

Seed

$6.0m

Seed

N/A

Series A
*

$16.0m

Series A
Total Funding€20.9m

Recent News about Affect Therapeutics

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Affect Therapeutics is a digital healthcare startup that operates in the addiction recovery sector. The company offers a unique, science-based approach to addiction treatment, using a combination of financial incentives, therapy, and medication to help individuals overcome their addictions. This approach, known as "contingency management," rewards healthy behaviors and encourages the formation of new habits, leading to better recovery outcomes.

Affect Therapeutics serves individuals struggling with addiction, providing them with a private, fully digital, and always accessible platform for treatment. All appointments are conducted via secure video conference, eliminating the need for physical travel to a rehab clinic. This convenience and privacy make the service appealing to those who may be hesitant to seek help in traditional settings.

In addition to treatment, Affect Therapeutics also offers support in other areas of life that can impact recovery, such as job hunting, finding a better place to live, or managing bills. This holistic approach recognizes that getting sober is not just about quitting substances, but also about improving one's overall life circumstances.

The company's business model is likely based on a subscription or fee-for-service model, where clients pay for the treatment and support services they receive. This revenue is then used to fund the company's operations and growth.

In summary, Affect Therapeutics is a digital healthcare startup that provides a comprehensive, science-based, and convenient approach to addiction recovery, helping individuals not only overcome their addictions but also improve their overall life circumstances.

Keywords: Digital Healthcare, Addiction Recovery, Contingency Management, Financial Incentives, Therapy, Medication, Video Conference, Holistic Approach, Life Improvement, Subscription Model.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.