Brightline, a Palo Alto, Calif.-based leader in virtual behavioral health care for children, adolescents, and families, secured $105M Series C funding, bringing total funding to over $200M.
Global investment firm KKR led the round, and existing investors GV (formerly Google Ventures), Optum Ventures, Oak HC/FT, Threshold, 7wireVentures, Children’s Medical Center Corporation (parent corporation of Boston Children’s Hospital), and Blue Cross Blue Shield of Massachusetts also participated. Johnny Kim, Director at KKR, has also joined Brightline’s board of directors.
The company intends to use the funds to expand operations and its business reach, exploring coordination with ecosystem partners for specialized care, innovating its care model with interactive content interventions and expanded care modalities, and continuing to provide employee benefits. Brightline also plans to expand its tailor-made services for teens, as well as specialty programs to support diverse populations — including caregivers of young children with Autism Spectrum Disorder and youth who identify as LGBTQ+ and/or BIPOC.
Founded by leading digital health entrepreneurs Naomi Allen and Giovanni Colella, MD, Brightline is a virtual behavioral health solution built specifically to care for children, teenagers, and their families across a broad range of needs. Its digital on-demand platform, Connect, along with its coaching programs and clinical services — including behavioral therapy, evaluation, medication support, and speech therapy — are now available in all 50 states. Partnering with health plans and employers, including Aetna, Blue Cross Blue Shield of Massachusetts, Blue Shield of California, Competitive Health, Municipalities, Colleges, Schools Insurance Group (MCSIG), Sequoia, Stanford University, and Xcel Energy, Brightline now serves 50 employers and covers over 24 million health plan lives with plans to reach over 50 million health plan lives in 2022 (in-network coverage may vary according to plan).
FinSMEs
01/04/2022