The Chernin Group Leads $58M Series B Financing of Equip

February 16, 2022Client News

Gunderson Dettmer represented client The Chernin Group (TCG) as it led the $58 million Series B financing of Equip, a provider of virtual, evidence-based eating disorder treatment in the United States. Equip’s care model roots itself in Family-Based Treatment consisting of a five-person care team that comprehensively helps support a patient to fully heal. The new capital will enable the company to scale its treatment services, expand treatment to all 50 states, broaden insurance coverage, and launch new offerings within the year.

In the announcement of the transaction, co-founder and partner at The Chernin Group Jesse Jacobs said, “Eating disorders are a major societal issue that need immediate attention, more funding from private and public sources, and more solutions for patients and families. We believe Kristina, Erin, and Equip are at the forefront of helping to democratize accessible, effective eating disorder care at scale through digital-first solution.”

The Gunderson deal team was led by Michael Hacker and included Laura Stoffel, James Gately, James Sebel, and Elizabeth Gavin.