Total amount raised
$159.5 Millions
Latest funding date
12/01/2019
Location
Quartet Health has successfully raised significant funding over multiple rounds, positioning itself as a key player in the behavioral healthcare sector. The company's platform focuses on delivering comprehensive, value-based care to individuals with serious mental health needs.
Keep reading to delve into the details of Quartet Health's funding journey and the investors who are supporting this innovative healthcare solution.
What Is Quartet Health?
Founded in 2014, Quartet Health is a healthcare technology company headquartered in New York, NY. The company was established by Arun Gupta, Steve Shulman, David Wennberg, and Michael Phelps.
Quartet Health's platform integrates mental health care with primary care, aiming to improve patient outcomes by facilitating access to mental health services. They partner with health plans, health systems, and community mental health centers across 39 states.
As of the latest data, Quartet Health employs between 201-500 people, working to deliver comprehensive, value-based behavioral healthcare solutions.
How Much Funding Has Quartet Health Raised?
- Series A Round
- Amount Raised: $7 million
- Date: April 2, 2015
- Lead Investors: Oak HC/FT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and add key healthcare operators, technologists, and behavioral health thought leaders to the team.
- Series B Round
- Amount Raised: $40 million
- Date: April 15, 2016
- Lead Investors: GV (formerly Google Ventures)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into six new markets in the United States, facilitating better integration of physical and mental healthcare.
- Series C Round
- Amount Raised: $40 million
- Date: January 4, 2018
- Lead Investors: F-Prime Capital Partners, Polaris Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product capabilities and improve the integration of primary care and behavioral health platforms.
Total Amount Raised: $87 million. Current Valuation: Not publicly disclosed.
Key Investors
- F-Prime Capital Partners
- Details: F-Prime Capital Partners is a global venture capital firm with a focus on healthcare and technology. They have a strong track record of investing in companies that drive innovation in these sectors.
- Investment Focus Areas: Healthcare, technology, life sciences
- Notable Investments: Athenahealth, Denali Therapeutics, Ultragenyx
- Polaris Partners
- Details: Polaris Partners is a venture capital firm that invests in healthcare and technology companies. They support entrepreneurs who are building transformative businesses.
- Investment Focus Areas: Healthcare, technology, consumer products
- Notable Investments: Ironwood Pharmaceuticals, Akili Interactive, Acceleron Pharma
- Oak HC/FT
- Details: Oak HC/FT is a venture growth-equity fund that invests in healthcare and financial technology. They provide strategic counsel and access to an extensive network of industry leaders.
- Investment Focus Areas: Healthcare, financial technology
- Notable Investments: VillageMD, Devoted Health, Poynt
- GV (formerly Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc., focusing on investments in technology and life sciences. They support companies that are pushing the boundaries of innovation.
- Investment Focus Areas: Technology, life sciences, healthcare
- Notable Investments: Uber, Slack, Flatiron Health
- Deerfield Management
- Details: Deerfield Management is an investment firm dedicated to advancing healthcare through investment, information, and philanthropy. They invest across all stages of development in the healthcare sector.
- Investment Focus Areas: Healthcare
- Notable Investments: AveXis, Aimmune Therapeutics, Proteus Digital Health
What's Next for Quartet Health?
Quartet Health stands at the cusp of significant growth opportunities, driven by the increasing demand for integrated healthcare solutions. With a strong financial backing of $87 million, the company is poised to expand its services into new markets, including northern New Jersey, and potentially beyond mental health into other healthcare areas. This expansion aligns with industry trends emphasizing the integration of primary and behavioral health, leveraging technology to improve patient outcomes.
Future fundraising opportunities appear promising, given the successful Series C round and the involvement of prominent investors like GV and Deerfield Management. Quartet Health may attract further investment to support its ambitious growth plans and technological advancements. However, the company will need to navigate challenges such as ensuring seamless integration between primary care and behavioral health services, maintaining high-quality care, and adhering to regulatory requirements across different states.
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