Behavioral Health Business May 22, 2024
Digital substance use disorder (SUD) provider Boulder Care has raised $35 million in a Series C round, bringing the company’s total raise to roughly $85 million.
Boulder plans to use the funds to deepen its presence in existing markets, expand into new markets, build out its clinical team and continue fostering partnerships, Boulder CEO Stephanie Strong told Addiction Treatment Business.
“The fundraising market being challenging is not news to anyone, but it’s true for digital health companies, for Series C stage companies, for founders who are focused on Medicaid or underserved populations,” Strong said. “It’s challenging, but this round was much easier than our prior rounds.”
Advance Venture Partners led the Series C round with meaningful participation from growth equity...
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