The virtual mental healthcare provider said it will use the capital from the Series C round to add more value-based care contracts, expand in new and existing markets, and continue to build out its technology and data infrastructure. It also recently partnered with the Doula Network, a service that pairs pregnant Medicaid patients with doulas in order to offer maternal mental healthcare. The company, which launched with health plans in Florida in 2019, focuses on the Medicaid market.īrave now offers services in 18 states, and earlier this summer announced it had entered into its first value-based care arrangement with Molina Healthcare of Texas. Brave last announced a $10 million Series B about a year ago.īrave provides virtual therapy, psychiatry and medication management for mental health concerns and substance use disorders. Virtual mental health company Brave Health scooped up $40 million in a Series C funding round led by Town Hall Ventures.Įxisting investors, including Union Square Ventures and City Light Capital, also participated, bringing the startup's total funding pot to $60 million.
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