Tava Health, a Salt Lake City, UT-based mental health company, raised $20M in Series B funding.
The round was led by Catalyst Investors. Existing investors Peterson Partners, Toba Capital, and SpringTide, along with new investor Blue Heron Capital, also participated. Kapil Desai, partner with Catalyst Investors, will join the company’s Board of Directors as part of the investment.
The company intends to use the funds for extensive product development, and expansion of its network.
Led by CEO Dallen Allred, Tava Health provides a mental health platform giving access to quality care, which prioritizes therapists, offering an integrated suite with an electronic medical record, telehealth, billing, and referral management.
The company has signed agreements with national carriers such as Aetna and UHC in the last year, broadening access to continuous care for patients, and has also expanded its local partnerships, establishing ties with 45 regional medical carriers.
FinSMEs
06/03/2024