Backpack

Backpack

Private
Elkridge, MarylandHealthcare & Life Scienceshttps://www.hellobackpack.com

Last Round

Series A

May 7, 2024

Est. Valuation

$120M

Total Funding Raised

$51M

Company Overview

Backpack is a mental health technology company that provides an online platform for on-demand cognitive talk therapy and medication management tailored to the behavioral and mental health needs of children.

Sector

Healthcare & Life Sciences

Verticals

Mental Health, Telemedicine, Patient Engagement

Business Model

B2B2C

Customer Profile

Services & Consulting, Government Contracts, Subscription SaaS, Freemium

AI Layer

Application

Keywords

pediatric mental healthpediatric behavioral healthteletherapyMedicaid mental healthschool mental health servicesyouth mental healthvirtual therapymental health appdigital mental healthhybrid care modelfamily therapymedication managementparent coachingAI mental healthB2G healthcare

Historical Pricing

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Backpack Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Backpack Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series AMay 7, 2024
Series AFeb 28, 2024
StrategicSep 28, 2022

Key People

Founding team and executive leadership

Hafeezah Muhammad

Chief Executive Officer, Founder

Founding Team

Prashanth Brahmandam

Chief Technology Officer

Executive Team

Backpack Investors

Notable investors and investment history

InvestorRounds
Multicoin CapitalStrategic
Wintermute VenturesSeries A
TechstarsSeries A
ECMC GroupSeries A
Genius GuildSeries A
Collab CapitalSeries A
Robot VenturesSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 31, 2026

    Partnered with schools in Baltimore County, Maryland.

  • Mar 31, 2026

    Partnered with schools in Howard County, Maryland.

Backpack Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Backpack Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Backpack's valuation, stock price, and market status.

Firmographic Details

HeadquartersElkridge, Maryland
Employee Range86
Year Founded2021
Last FundingMay 7, 2024

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