Valera Health, a NYC-based provider of tech-driven virtual mental health services, closed a $15M funding round.
The round was led by Windham Venture Partners with participation from new investors Aquiline Technology Growth, MultiCare Health System, Divergent Investments, Watershed, GreyMatter Capital and Gaingels. Existing investors including AXA Venture Partners, Figure Eight Investments, Alsora Capital, Startup Health and Dr. Tom Insel, former Director of National Institute of Mental Health, also participated.
The company intends to use the funds to continue to expand operations and business reach.
Led by Dr. Thomas Tsang, co-founder and CEO, Valera Health is a mental health company providing comprehensive longitudinal service using a team-based care model of coaches, therapists and medication prescribers augmented by proprietary digital technology and analytics. From meditation to therapy to medications, patients with mild depression to severe schizophrenia are treated with expert care. The company offers personalized services to everyone in need of mental health care, including those in rural and urban communities, BIPOC and LGBTQ+ communities with culturally intentional care and a diverse, multilingual provider network. Over the past twelve months, Valera has partnered with health plans and provider groups that cover over 12 million lives and will be expanding to multiple states in the coming months.