Fierce Healthcare April 16, 2024
Two Chairs, a hybrid behavioral health provider, has closed $72 million in a series C equity and debt financing round.
The round was led by Amplo with Fifth Down Capital, with participation from other investors. Bridge Bank provided the debt financing. While details of the round were not disclosed, executives said it was majority equity. The latest round brings the company’s total capital raised to $103 million.
Two Chairs has grown eight-fold in the last three years and currently has more than 500 clinicians on staff, most of whom are full time, executives said. The company operates in three states—California, Washington and Florida—with plans to expand to new markets. It will also use the latest capital to beef up...
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