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Total amount raised
$265.9M
Latest funding date
2022-02-17
Location
Quartet Health has successfully raised funding over 7 rounds, with backing from 19 investors, including notable names like Employee Stock Option Fund and Google Ventures. The platform focuses on delivering high-quality, whole-person behavioral health care, now under the ownership of NeuroFlow.
Keep reading to explore the intricacies of Quartet Health's fundraising journey and the investors backing this innovative platform.
Quartet Health has raised funding across 7 rounds, with backing from 19 investors, including notable names like Employee Stock Option Fund, GV (Google Ventures), Oak HC/FT, F-Prime Capital, Polaris Partners, Centene, Echo Health Ventures, and Independence Blue Cross.
Keep reading to explore Quartet Health's full fundraising journey.
What Is Quartet Health?
Quartet Health is a New York-based value-based behavioral healthcare enablement and delivery platform. It combines technology, care navigation, and a curated provider network to identify, match, and connect patients with appropriate mental health care. A trusted partner of health plans, health systems, and community mental health centers, Quartet operated in 39 states before being acquired by NeuroFlow in January 2025.
How Much Funding Has Quartet Health Raised?
- Series A
- Amount Raised: USD 7,000,000
- Date: March 2015
- Lead Investors: Oak HC/FT
- Participants: Shulman Ventures, Fidelity Biosciences (F-Prime Capital), Polaris Partners
- Series B
- Amount Raised: USD 40,000,000
- Date: April 2016
- Lead Investors: GV (Google Ventures)
- Participants: Oak HC/FT, F-Prime Capital Partners, Polaris Partners
- Series C
- Amount Raised: USD 40,000,000
- Date: January 2018
- Lead Investors: F-Prime Capital Partners, Polaris Partners (co-led)
- Participants: Oak HC/FT, GV, Deerfield Management
- Series D
- Amount Raised: USD 60,000,000
- Date: June 2019
- Lead Investors: Centene
- Participants: GV, Oak HC/FT, F-Prime Capital Partners, Polaris Partners
- Series D (Extension)
- Amount Raised: USD 7,500,000
- Date: December 2019
- Lead Investors: Echo Health Ventures
- Participants: Deerfield Management
- Corporate Round
- Amount Raised: USD 60,000,000
- Date: December 2021
- Lead Investors: Independence Blue Cross (Independence Health Group)
- Participants: GV, Oak HC/FT
- Series Unknown
- Amount Raised: USD 51,386,252
- Date: February 2022
- Lead Investors: Undisclosed (disclosed via SEC Form D filing; 16 investors participated)
Total Amount Raised: USD 265,886,252 (at least $265.9M based on all disclosed rounds).
Key Investors
- GV (Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc. focused on technology, life sciences, healthcare, and AI. It led Quartet's Series B in April 2016 and participated in subsequent rounds. Notable investments include Uber, Slack, and Medium.
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity fund investing in healthcare and fintech. Oak HC/FT led Quartet's Series A and participated in all subsequent rounds through the Corporate Round. Notable investments include VillageMD, Bright Health, and One Medical.
- F-Prime Capital
- Details: F-Prime Capital is a global venture capital firm affiliated with Fidelity Investments, focused on healthcare and technology. F-Prime co-led Quartet's Series C and participated in all rounds from Series A onward. Notable investments include Denali Therapeutics and Beam Therapeutics.
- Polaris Partners
- Details: Polaris Partners is a venture capital firm investing in technology and healthcare. Polaris co-led Quartet's Series C alongside F-Prime Capital and participated from Series A onward. Notable investments include Akili Interactive, Editas Medicine, and Ironwood Pharmaceuticals.
- Centene
- Details: Centene is a major government-sponsored managed care company focused on Medicaid and Medicare. Centene led Quartet's Series D in June 2019 as part of a strategic partnership to expand behavioral health offerings.
- Independence Blue Cross (Independence Health Group)
- Details: Independence Blue Cross is a Philadelphia-based health insurance company. Independence Blue Cross led Quartet's $60M Corporate Round in December 2021, with its CEO joining Quartet's board as part of the deal.
- Echo Health Ventures
- Details: Echo Health Ventures is a strategic collaboration between Cambia Health Solutions and Mosaic Health Solutions. Echo Health Ventures led the $7.5M Series D extension in December 2019, alongside a strategic partnership with Cambia Health Solutions.
What's Next for Quartet Health?
Quartet Health is positioned to continue expanding access to behavioral health resources, particularly for underserved Medicaid patients. Backed by health plan partners like Centene and Independence Blue Cross, the company aims to integrate more clinically-adjacent providers and community health workers into its platform. Future fundraising may focus on broadening platform capabilities and attracting additional partnerships across insurance and healthcare delivery. Key challenges ahead include enabling seamless data sharing among diverse healthcare providers and navigating the evolving regulatory landscape for digital behavioral health.
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