Motivo Health, an Atlanta, GA-based marketplace connecting mental health therapists with clinical supervisors online, raised $14M in Series A funding.
The round was led by Cox Enterprises with participation from SteelSky Ventures and Great Oaks Venture Capital.
The company intends to use the funds to grow its sales and engineering team, acquire additional contracts with behavioral health organizations, digital health companies, and health plans, sign channel partnerships with graduate universities, expand to providing continuing education for therapist re-certification and to build out a product offering for clinical staff augmentation and direct service delivery.
Founded by licensed therapist Rachel McCrickard in 2018, Motivo Health is a marketplace connecting mental health therapists with clinical supervisors online. The company partners with community mental health organizations, treatment centers, and digital health companies to provide access to quality, vetted clinical supervisors in a completely virtual environment.
To date, Motivo has assisted over 2,500 therapists in obtaining licensure. In 2020, the company recruited key executive hires, Michael Chen as CTO/Co-Founder and Sarah Louragh as COO, both formerly from Airbnb. Earlier this year, Dr. Carla Smith joined the company as Chief Clinical Officer. Tim Howe of Cox Enterprises and Chris Cavazos, formerly of Humana, serve on Motivo’s board of directors.
Motivo currently employs 23 full-time employees with plans with the new funding, The new round brings Motivo’s total funding to $16.3 million.
FinSMEs
19/08/2022