Behavioral Health Business June 18, 2024
Chris Larson

New York City-based telepsychiatry provider Talkiatry announced Tuesday that it secured a $130 million funding round, one of the biggest in recent memory in the venture capital-backed behavioral health space.

The famed venture capital firm Andreesen Horowitz led the round, which included equity and debt financing. The funds will help the company scale up its value-based care offerings. Today, Talkiatry operates in 43 states, employs over 300 psychiatrists and is in-network with over 60 payers. Its payer partners include Aetna, Blue Cross Blue Shield plans, United Healthcare, Cigna, and Humana. It also claims that more than 70% of commercially insured people have access to Talkiatry through their health plan.

The firm Perceptive Advisors also participated in the round. Banc of...

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Topics: Digital Health, Investments, Mental Health, Payment Models, Provider, Technology, Telehealth, Trends, Value Based
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