After an investment from Alabama Futures Fund, Kaya Care, a company based in San Francisco, California, will be relocating to Alabama.
The company, which connects employees to promote mental health, is the 16th investment by the AFF since its launch in 2018. The fund invests in companies with headquarters in Alabama or companies willing to move their headquarters to the state. Kaya will be moving to Birmingham.
“We are very excited to be a part of the Birmingham startup community,” said Corey Anand, founder and CEO of Kaya Care.
Kaya Care is a good investment for AFF, says Matt Hottle, partner at Redhawk Advisory, which serves as the investment manager of AFF.
“We’ve seen the proliferation of mental wellness solutions over the last five years but those have been, almost exclusively, self-directed approaches where users are asked to interact with an app or an AI-powered interface,” he said. “Kaya stood out because of its focus on delivering mental wellness programming to people through their employers and its exclusive use of licensed mental health clinicians. The lack of access to professional therapists will continue to be a challenge and Kaya represents an opportunity to bridge that gap.”