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...

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