Digital mental health company Tava polished off its Series B funding round, bringing the total raise for this round to $20 million. Salt Lake City, Utah-based Tava secured $16 million in January and recently secured an additional $4 million in a funding round led by Catalyst Investors. Its existing investors, Peterson Partners, Toba Capital and […]
Category: Digital Health
Unlike its virtual health competitors, Teladoc’s (NYSE: TDOC) subsidiary BetterHelp plans to focus on the direct-to-consumer marketplace. This tactic differs from its main competitor Talkspace (NASDAQ: TALK), which has refocused its efforts over the last two years on moving away from the direct-to-consumer market and towards more enterprise efforts. Others in the virtual care space, […]
Psychiatric care provider InSite Health raises $2.9M New Jersey-based InSite Health has raised $2.9 million, according to an SEC filing. The psychiatric care provider offers services for adults and children. It specializes in medication management, psychiatric evaluations, behavioral threat assessments, and psychotherapy. It treats patients with anxiety disorders, PTSD, addiction, depression, ADHD, autism and behavioral […]
In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! The health coaching industry was initially focused on fitness and lifestyle goals but is now a common service line in the behavioral health […]
Substance use disorder (SUD) provider Eleanor Health has raised $22.23 million for its value-based care platform, according to an SEC filing. This new infusion of capital brings the company’s total raise to roughly $104 million. According to the SEC filing, the Waltham, Massachusetts-based provider plans to sell up to $30 million in equity in this […]
Americans see poor mental health as one of the biggest threats to public health. This is especially true for young adults, who were twice as likely to identify it as the most pressing public health issue today. Even more pressing for Americans are opioids and fentanyl, which topped the list of most significant threats to […]
Digital behavioral health provider Lyra has launched a new offering for individuals with complex mental health issues. The new offering takes a multipronged approach to supporting individuals with severe mental health needs. “When building Lyra Complex Care, we focused on four critical components not offered anywhere else: a specialized network of facility partners; a dedicated […]
In 2024, Talkspace (Nasdaq: TALK) will focus on expanding its services to teenagers and seniors via new partnerships with schools and municipalities, as well as broadening its reach within the Medicare program. Talkspace, which started as a direct-to-consumer company, continues to double down on its payer partnerships and direct-to-enterprise (DTE) strategy. Part of that strategy […]
Tech-backed youth mental health provider Blackbird Health has raised $17 million in Series A funding. Define Ventures led this new round of funding, bringing the startup’s total raise to roughly $23 million. Frist Cressey Ventures and GreyMatter also participated in this funding round. The Pittsburgh-based startup plans to use the new capital to fuel its […]
Teladoc (NYSE: TDOC) is setting its sights on the international market to grow its direct-to-consumer behavioral health business segment, BetterHelp. This comes after a revenue dip for BetterHelp in Q4 2023, which the company attributed to a decline in customer-acquisition yield. Overall, BetterHelp generated $276 million in Q4 revenue, down by $10 million from last […]
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