Behavioral Health Business September 29, 2022
Laura Lovett

Tech-backed mental health startup Grow Therapy has scored $75 million in Series B funding to expand its insurance coverage across the country.

This comes roughly a year after the New York-based startup picked up $15.5 million in a round led by SignalFire.

TCV and Transformation Capital led the most recent round, with participation from SignalFire and SVB. The funding is a combination of $45 million in equity and $30 million in venture debt, according to Fierce Healthcare.

“Grow Therapy is tackling this crisis in two critical ways: Making therapy a more attractive profession, and getting therapy covered by insurance,” Wayne Hu, a partner at SignalFire, wrote in a blog post about the news.

Grow Therapy is focused on giving mental...

Today's Sponsors

Teladoc Health

Today's Sponsors

Teladoc Health

Today's Sponsor

Oliver Wyman

Topics: Insurance, Investments, Mental Health, Provider, Trends
What Makes Home Health Provider-Payer Relationships Work
Improving Maternal Health by Extending Medicaid Postpartum Coverage
18M Are at Risk of Losing Medicaid Coverage at the End of Covid Emergency
Lessons From State Medicaid Agency Efforts on Population-Based Payments
VIDEO: Insurance companies have weaponized the No Surprises Act, may impact patient care