Provider-centric digital mental health company growth therapy Announced that it has completed $88 million in Series C funding.
Sequoia Capital guided The round included additional investment from Goldman Sachs Alternatives Growth Equity and Plus Capital. Several artists and athletes also contributed to this round, including Dak Prescott, Anna Kendrick, Joe Burrow, Lily Collins, and Jrue Holiday.
In addition, the company announced the launch of a new measurement-based care system to improve the patient experience and help providers move toward values-based, behavioral care.
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Grow Therapy's platform connects mental health providers and patients and enables in-person and telehealth visits.
The company did not say what it plans to do with the funding round.
“Our team believes that the most pressing need of our time is to help people find and engage with effective mental health support, regardless of their background, geography or economic situation. The two announcements we made today are an $88 million Series C from Sequoia Capital and Goldman Sachs Alternatives and the launch of a new measurement-based care system to achieve that goal. „This represents a significant advancement in the world of technology,“ Grow Therapy CEO Jake Cooper said in a statement.
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The New York-based company works with numerous insurance companies, including: Etna, humana, Signa and united healthcare Provides coverage within your network.
growing up Raise $75 million in Series B funding Investors TCV and Transformation Capital led the round, with support from existing investors SVB and SignalFire. Grow Therapy used the funding to build its team and expand insurance coverage, including Medicare and Medicaid.
Another virtual mental health company is quartet healthWhich Completes $60 million funding round As part of a strategic partnership with Independence Health Group.
2021 Quartet obtained This year with virtual psychiatry company Innovatel Telepsychiatry partnered For the elderly clover health To bring mental health services to the home care platform.
In 2022, almaWe build software and support for mental health professionals. Raised $130 million in Series D funding. The round was led by investor Thoma Bravo, with additional participation from Insight Ventures, Optum Ventures, Tusk Venture Partners, and Cigna Ventures. This funding round brings the company's total funding to $220 million.