Brave Health Secures $40M in Series C Funding to Expand Access to Mental Health Services for Medicaid Populations

Town Hall Ventures Joins Union Square Ventures and City Light Capital as Company Expands Into Value-Based Care Brave Health, the largest virtual mental health provider and engagement platform focused on serving Medicaid populations, today announced a $40M Series C funding round led by Town Hall Ventures, with existing investors Union Square Ventures, City Light Capital and others joining as well. Brave Health is the first investment from Town Hall Venture’s newly-announced $350M fund. The company has raised a total of $60M to date, and this most recent funding will support their continued expansion into value-based care arrangements and into new and existing markets. Since launching with health plans in Florida in 2019, Brave Health has rapidly grown. The organization now serves over 65M covered lives across more than 200 health plan contracts through their unique approach to patient engagement, treatment, and integration with plans and other providers. Earlier this year, the company announced its first value-based contract with Molina Healthcare of Texas. Brave Health also recently signed a value-based contract with Sunshine Health, bringing the total number of potential Medicaid members under Brave Health’s care in a value-based arrangement to more than one million. “The team at Brave Health has demonstrated a commitment to doing the hard work of engaging the most vulnerable populations at their most vulnerable moments and getting them into ong...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Telemedicine and Remote Monitoring Andy Slavitt Anna Lindow Brave Health City Light Capital Health IT Funding Health IT Fundings Health IT Investment Medicaid mental health Mental Health Services M Source Type: blogs