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Marble Raises $15.5 Million to Scale School-Embedded Youth Mental Health Care Nationwide

The insurer-reimbursed program brings licensed therapists into schools to reach students, especially those on Medicaid.

Overview

  • Costanoa Ventures led the Series A round, with participation from Town Hall Ventures and Khosla Ventures.
  • Marble has grown from its New York launch into hundreds of schools, delivering more than 15,000 therapy sessions to a few thousand students.
  • Schools pay nothing for services as Marble bills Medicaid and commercial insurers, a model that expedites access but creates reimbursement and credentialing hurdles across states.
  • The platform supports clinicians with a proprietary EHR, an AI scribe, collaboration portals for schools and families, and group therapy programs to boost capacity.
  • The company plans to introduce psychiatric evaluation and medication management under supervision by an in-house psychiatrist as it expands.