Quartet, a New York City-based technology company integrating physical and mental healthcare, raised $40m in Series C funding.
The round, which brings the total amount of capital raised to date by Quartet to $87m, was led by F-Prime Capital Partners and Polaris Partners with participation from existing investors Oak HC/FT and GV (formerly Google Ventures), and new investor Deerfield Management.
The company will use the new capital to expand its core engineering and product capabilities across its primary care, behavioral health and patient platforms, to scale its machine learning team, and to continue to build out its provider network, partner success and new business development functions.
Led by Arun Gupta, founder and CEO, Quartet is building a collaborative technology platform that brings together physicians, mental health providers, and insurance companies to improve patient outcomes and drive down healthcare costs. The data-driven platform identifies high-need patients and facilitates access to personalized care. It is currently operating in several markets across the US, Pennsylvania, Massachusetts, Louisiana, Washington, Northern California, and New Jersey.
Quartet is also adding three executives to its board of directors:
– Carl Byers, executive partner at F-Prime Capital and previously longtime athenahealth chief financial officer and founding team member
– Ken Goulet, former executive vice president and president of commercial and specialties businesses at Anthem Inc.
– Lanham Napier, former chief executive officer of Rackspace and co-founder at BuildGroup.