Psychiatric Provider InSite Health Raises $2.9M; Hybrid Care Company Octave Raises $5M

Psychiatric care provider InSite Health raises $2.9M

New Jersey-based InSite Health has raised $2.9 million, according to an SEC filing.

The psychiatric care provider offers services for adults and children. It specializes in medication management, psychiatric evaluations, behavioral threat assessments, and psychotherapy. It treats patients with anxiety disorders, PTSD, addiction, depression, ADHD, autism and behavioral disorders.

Patients can access InSite Health’s services through telehealth or at one of its outpatient locations. It has three locations in New Jersey and is opening a fourth in March.


The provider also offers school-focused psychiatric services. This offering can provide school systems with psychiatric services, medication management, therapy and IEP evaluations. InSite also offers schools a technology infrastructure to help them track data over time.

The startup accepts several large insurance plans, including Medicaid, Medicare, Cigna, UnitedHealthcare and Aetna.

Perinatal mental health company FamilyWell closes $4.3M Seed round 

Boston-based FamilyWell Health, a startup focused on women’s behavioral health, raised $4.3 million in seed funding.


.406 Ventures led the latest funding round with participation from GreyMatter Capital and Mother Ventures. FamilyWell plans to use the new funds to expand in New England and nationally.

The company is focused on integrating behavioral health services, including coaching, therapy and psychiatry, into OB/GYN practices. FamilyWell Health offers in-person and virtual behavioral health integration services.

FamilyWell Health uses the collaborative care model to treat perinatal individuals. Its services include expanded mental health screenings, virtual coaching sessions, virtual therapy sessions, on-demand texting with live coaches, medication management and a digital resource library.

Octave Health secures $5M for virtual care platform 

Virtual care provider Octave Health has raised $5 million out of a $10 million funding round, according to SEC documents.

This comes less than a year after Octave announced a $52 million Series C funding round led by Cigna Ventures, Novo Holdings and Avidity Partners.

Founded in 2018 by One Medical vet Sandeep Acharya, the behavioral health startup offers a hybrid approach to care. It started as an in-person provider but quickly expanded its scope of services to include virtual care and outcomes tracking.

Its providers can treat multiple behavioral health conditions, including depression, ADHD, bipolar disorder, chronic insomnia, eating disorders and substance use disorders. The provider has developed data-driven outcome measures, which can be used to help improve value-based care contracting.

Mental health clinical documentation company Upheal raises $3.25M 

Behavioral health documentation startup Upheal closed a $3.25 million seed funding round.

CredoVentures led the funding round with participation from Kaya Ventures and Inovia Capital. This new infusion of capital brings Upheal’s total raise to $4.35 million.

The New York-based startup uses artificial intelligence to help “streamline clinical workflows for therapists.”

The technology company said its platform supports therapists, coaches, psychiatrists, social workers and other mental health professionals. Providers can use Upheal to submit several different types of process notes.

It can also be used to help providers document a treatment plan for patients and review a patient’s progress over time. Its capabilities also include an integration feature. For example, it can help providers integrate their sessions onto a Google Calendar and integrate their Zoom calls.

Companies featured in this article:

, , ,