Behavioral Health Business June 10, 2024
Private equity has long dominated in-person behavioral health investment.
But some venture capital investors, who entered the behavioral health market by backing digital providers, have now moved into hybrid business models that include both telehealth and in-person elements.
For example, GV, formerly Google Ventures, recently invested in hybrid outpatient provider Guidelight.
Despite the higher working capital needs compared to digital-only businesses, some venture capitalists see potential brick-and-mortar investments.
“For a lot of industries, [in-person] leans more towards PE, but I think there are exceptions where these attractive, dynamics at play and telehealth only … doesn’t get to the root of the problem,” Claire Biernacki, principal at BBG Ventures, told Behavioral Health Business. “So when you’re solving the root of...