Octave, a national behavioral health practice, raised $11M in Series A funding.
The round was led by Greycroft, with participation from Obvious Ventures.
The company intends to use the funds to continue to expand nationally, with additional locations planned for California and New York next year.
Led by founder and CEO, Sandeep Acharya, Octave is a new evidence-based therapy practice and wellness community offering in-person and virtual coaching, group therapy and psychiatry, along with an array of content and assessment tools to support clients between sessions. Since opening its first office in New York in October 2018, the company has launched a number of new services, including group sessions for anxiety, LGBTQ patients, and expecting couples, and has also expanded virtual coaching nationwide, serving patients in multiple states and even internationally.
The company plans to increase staff therapists in the coming months and will also begin offering a variety of free classes for Octave members – from meditation to one-night workshops.
Octave opens its first San Francisco location at 625 Market Street on October 28, with its second New York office opening in the Flatiron Building in December. The company also announced a partnership with Anthem Blue Cross of California to serve patients as an in-network provider.
Acharya is joined by Chief Clinical Officer Dr. Sarah Adler and head of operations Sejal Shah.