Key Highlights
- $20 million Series B funding led by Catalyst Investors, with participation from Peterson Partners, Toba Capital, SpringTide, and new investor Blue Heron Capital.
- Funding aimed at product development, network expansion, and strengthening partnerships with employers and health insurance carriers.
- Kapil Desai of Catalyst Investors joins the Board of Directors, signaling strong support for Tava Health’s innovative mental health solutions.
Source: PR Newswire
Notable Quotes
- “Demand for therapy is greater than ever… We are confident in Tava’s innovative approach to mental health,” – Kapil Desai, Partner at Catalyst Investors
- “In a mental health landscape where timely access to care is crucial, Tava Health is a beacon of efficiency and accessibility,” – Dallen Allred, CEO at Tava Health
SoHC's Take
Tava Health’s recent Series B funding is a testament to the growing importance of mental health services and the recognition of innovative approaches to improving access and quality of care. The company’s therapist-centric model, which empowers professionals with a full-stack platform including an electronic medical record (EMR) and practice management software, sets a new standard in the industry. This approach not only enhances the therapist’s ability to deliver care but also addresses the critical need for timely access to mental health services.
With strategic partnerships and a commitment to reducing wait times, Tava Health is making mental health care more accessible and efficient. The collaboration with national and regional medical carriers expands its reach, ensuring that more individuals can receive the care they need when they need it. The positive feedback from therapists and patients alike underscores the effectiveness of Tava Health’s model, making it a leading solution in the mental health care sector.
The backing by Catalyst Investors and other prominent firms highlights the confidence in Tava Health’s mission and the potential for further growth and impact in the mental health space. As the company continues to develop its product and expand its provider network, it stands at the forefront of a crucial shift towards prioritizing mental health care, making it as routine and accessible as other healthcare practices.
