Valera Health, a Brooklyn, N.Y.-based tele-behavioral health service that provides personalized team-based clinical care, closed a $3.8M funding round.
The round, which brings total funding to $9M, was led by AXA Venture Partners (AVP) with participation from Windham Ventures, Figure Eight Investments, and notable mental health expert Tom Insel, MD, former Director of the National Institute of Mental Health. Existing investors TWC and James Nahirny also participated in the round. In conjunction with the funding, Manish Agarwal, General Partner at AVP, will be joining Valera’s board.
The company intends to use the new capital for strategic market expansion and growth of existing services.
Led by Thomas Tsang, MD, CEO and co-founder, Valera Health is a tele-mental health company providing longitudinal service using a team-based care model of coaches, therapists and medication prescribers augmented by proprietary digital technology. From meditation to therapy to medications, patients with mild depression to severe schizophrenia are treated with expert care. Valera’s care team includes licensed social workers and mental health counselors, nurse practitioners, and psychiatrists.