Halcyon Health, a New York-based provider of virtual addiction treatment, is shutting down as a result of pandemic-era difficulties raising capital, CEO Joshua Nussbaum tells Axios.
Why it matters: With unprecedented levels of venture funding flooding the behavioral health sector, it can seem any mental health startup has a clear path to success. But there are significant social and political challenges linked with keeping a business in the sector afloat, entrepreneurs and academics say.
