Brave Health Raises $40M for Medicaid Virtual Health Platform

Brave Health Raises $10M for Virtual Behavioral Health for MedicaidBrave Health Raises $10M for Virtual Behavioral Health for Medicaid

What You Should Know:

Brave Health, a virtual mental health provider and engagement platform focused on serving Medicaid populations raises $40M in Series C funding round led by Town Hall Ventures, with existing investors Union Square Ventures, City Light Capital and others joining as well. The company has raised a total of $60M to date, and this most recent funding will support their continued expansion into value-based care arrangements and into new and existing markets. 

– Brave Health will use the latest round of funding to continue to build the technology and data infrastructure that powers their industry-leading patient engagement and outcomes engine, as well as to further expand into new states and accelerate the closing and activation of new value-based contracts in the 18 states in which they operate.

Medicaid Virtual Health Platform

Brave Health offers a virtual alternative to traditional outpatient services (therapy, psychiatry, case management, medication-assisted treatment) for mental health and addiction that have traditionally been hard to access in local communities. The company offers same-day assessments, reduces wait times to less than a week, and works closely with Medicaid case managers, providers and major Medicaid plans across the U.S. to increase patient engagement and lower overall costs of care.