Financial

50 million Americans are being referred to a therapist every year, but less than one-third are receiving the help they need, which is "simply insane."

PEAR will use the new cash to expand the sales and marketing for its mobile app and related hardware, as well as the white label platform, "Powered by PEAR."

With over 1 in 3 US doctors as members, Doximity has more than tripled its user base since its last funding round in September 2012.

Using data collected from personal devices like the Jawbone UP, these programs are tailored to each individual user to provide optimized help at the right time.

The initial investment group is a syndicate of investors primarily from Singapore, as well as a major lead by Steven Welch, private investor based from Nevada.

Valleys' Ventures, LP and CIT Gap Funds provided the money, which will be used to expand the service and increase workouts available.

The two companies will collaborate on the development of HIPAA and other government privacy certified, integrated clinical systems.

A number of investors participated in the round, including Runa Capital, Maxfield Capital, FundersClub, Bruno Bowden, Silicon Valley Bank and Box, among others.

The new funds will be used to further develop the company's "database as a service" to provide a secure API for healthcare apps.

The fresh cash will be used to develop requested product features, fuel marketing and sales and efforts, support client deployments and improved the experience.