How Much Did Peerstar Raise?
Funding & Key Investors

Peerstar, a Pennsylvania-based organization focused on mental health and addiction peer support services, has secured significant enterprise-level funding. The total capital raised to date stands at $1M, with a recent strategic investment of $1M bolstering its operational capacity. This latest financing round underscores the growing recognition of peer support's efficacy in healthcare.

What is Peerstar?

Peerstar
Healthcare ServicesMental Health & Rehabilitation Facilities

Peerstar distinguishes itself by providing vital peer support services, connecting individuals with Certified Peer Specialists who leverage their lived experiences to offer structured, goal-oriented assistance. Operating across 35 Pennsylvania counties, the organization utilizes both home visits and telehealth to reach a diverse clientele, including older adults, transitional age youth, and individuals with co-occurring disorders. Crucially, Peerstar's services are covered by Medicaid, enhancing accessibility for a broad demographic.

How much funding has Peerstar raised?

Peerstar has raised a total of $1M across 1 funding round:

2020

Debt

$1M

Debt (2020): $1M with participation from PPP

What's next for Peerstar?

The recent major strategic investment signals a pivotal growth phase for Peerstar. This capital infusion is expected to facilitate the expansion of its service reach, potentially into new geographic areas or by enhancing its telehealth infrastructure. Further development of its peer specialist network and deepening partnerships with healthcare providers and state agencies are likely strategic priorities. The company's focus on Medicaid-covered services positions it well for continued scaling within the evolving landscape of mental healthcare.

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Frequently Asked Questions Regarding Peerstar Financial Insights

What are the most recent funding rounds that Peerstar has completed, and what were the funding rounds?
Peerstar has recently completed 1 funding rounds: Debt on Apr 8, 2020.
What is the total amount of funding Peerstar has raised to date?
Peerstar has raised a total of $1M in funding to date.
How many funding rounds has Peerstar completed?
Peerstar has completed 1 funding rounds.
How much funding did Peerstar raise in its most recent funding round?
Peerstar raised $1M in its most recent funding round.
Who are the lead investors in Peerstar's latest funding round?
The lead investor in Peerstar's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Peerstar's history?
The largest funding round in Peerstar's history was $1M.
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