Alma Raises $28M in Series B Funding


Alma, a NYC-based membership-based network for mental health care providers, raised $28m in Series B funding.

The round was led by Insight Partners with participation from Optum Ventures and existing investors Tusk Venture Partners, Primary Venture Partners, Sound Ventures, BoxGroup and Rainfall Ventures.

The company intends to use the funds to accelerate the expansion of its national network, expand its growing team, invest in product development and increase in-network care options. In conjunction with the funding, Ross Devor, Managing Director at Insight Partners and Martha Temple, former CEO of Optum Behavioral Health, will be joining Alma’s Board. Esther Perel, a psychotherapist and New York Times bestselling author, will join Alma’s Clinical Advisory Board.

Founded in 2018 by Oscar Health veteran Dr. Harry Ritter, Alma is on a mission to simplify and improve access to high quality, affordable mental health care. The company partners with independent mental health providers to offer a “practice-in-a-box” solution, including practice management tools, insurance contracting and revenue cycle management for members’ practices. For consumers, Alma is a destination to find care through its member directory and Client Matching service.