Behavioral Health Business June 29, 2022
Ria Health announced Wednesday that it raised $18 million in Series A funding.
Founded near the end 2016, the San Francisco-based virtual alcohol-use disorder (AUD) startup’s first major round of venture funding comes after already landing contracts with a bevy of leading health plan contracts.
Ria Health CEO Tom Nix told Behavioral Health Business that this is the “beginning of a long marathon” for the company. But the funding and payer contracts allow him to see his and his team’s work so far as validated.
The company will use the funding to do the following over the next five years, Nix said:
- Expand commercial teams that will sell to employer organizations and unions
- Expand its production team who will...
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