Total amount raised
$242 Millions
Latest funding date
Location
Talkiatry has successfully raised significant funding through multiple rounds, with its latest being a Series C. The company is backed by prominent investors, including Perceptive Advisors and Andreessen Horowitz.
Keep reading to explore the intricacies of Talkiatry's fundraising journey and the investors supporting this innovative mental healthcare platform.
What Is Talkiatry?
Talkiatry, founded in 2019 by Georgia Gaveras and Robert Krayn, is based in New York, New York. The company specializes in providing virtual mental healthcare services, connecting patients with licensed psychiatrists for evaluation, diagnosis, and personalized treatment plans. With a team of 251-500 employees, Talkiatry ensures accessible and quality mental health care covered by insurance.
How Much Funding Has Talkiatry Raised?
- Series A
- Amount Raised: $20M
- Date: July 2021
- Lead Investors: Left Lane Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Series A
- Amount Raised: $17M
- Date: January 2022
- Lead Investors: Left Lane Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's reach and enhance service offerings.
- Series B
- Amount Raised: $75M
- Date: July 2022
- Lead Investors: Blisce
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support national expansion and increase service capacity.
- Debt Financing
- Amount Raised: Not disclosed
- Date: June 2024
- Lead Investors: Banc of California
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional financial flexibility for growth initiatives.
- Series C
- Amount Raised: $130M
- Date: June 2024
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the value-based care model and improve health outcomes.
Total Amount Raised: $242M. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm known for investing in technology companies. They led Talkiatry's Series C funding round.
- Investment Focus Areas: Technology, healthcare, consumer, enterprise, fintech.
- Notable Investments: Facebook, Airbnb, Lyft.
- Perceptive Advisors
- Details: Perceptive Advisors is an investment management firm specializing in the healthcare sector. They participated in Talkiatry's Series C funding round.
- Investment Focus Areas: Biotechnology, pharmaceuticals, medical devices, healthcare services.
- Notable Investments: Axsome Therapeutics, Biohaven Pharmaceuticals, CRISPR Therapeutics.
- Banc of California
- Details: Banc of California is a bank holding company providing a range of financial services. They provided debt financing for Talkiatry's Series C round.
- Investment Focus Areas: Commercial banking, real estate lending, treasury management.
- Notable Investments: Primarily involved in providing financial services rather than venture capital investments.
- Left Lane Capital
- Details: Left Lane Capital is a venture capital and growth equity firm. They were a lead investor in Talkiatry's Series A funding rounds.
- Investment Focus Areas: Consumer internet, technology companies.
- Notable Investments: GoStudent, M1 Finance, Tovala.
- blisce/
- Details: blisce/ is a growth-stage venture capital firm. They led Talkiatry's Series B funding round.
- Investment Focus Areas: Consumer technology, digital media, health and wellness.
- Notable Investments: Spotify, Pinterest, Headspace.
What's Next for Talkiatry?
Talkiatry's future looks promising as it aims to expand its value-based care model, which has already shown significant reductions in hospitalizations and emergency room visits. With $130 million in Series C funding, the company plans to bring more health plans into value-based contracts and reach more Americans in need of psychiatric care. This expansion could potentially transform the landscape of behavioral health care, making it more accessible and cost-effective.
Future fundraising opportunities seem likely, given the company's success and the growing demand for telepsychiatry services. However, Talkiatry will need to navigate regulatory challenges and ensure the consistent quality of care as it scales operations. Maintaining robust partnerships with health plans and insurers will be crucial for sustained growth and success.
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