Discovery Behavioral Health Names Growth, Strategy Exec; Equip Hires First President

Equip hires its first president Equip, a virtual, evidence-based eating disorder treatment company, appointed Nikia Bergan as its first-ever president. Bergan will report to co-founder and CEO Kristina Saffran and serve as an observer on the Equip board of directors. For nearly 20 years, Bergan worked at the Advisory Board Company, part of Optum. Optum […]

Modern Health CEO Aims to Crack the Nut of Holistic Health

Digital mental health company Modern Health is looking to differentiate itself in the increasingly competitive B2B sector. It plans to do this by connecting mental health interventions to the rest of a person’s care, Modern Health CEO and founder Alyson Watson told BHB. “I think one of the biggest opportunities that none of us are […]

Spring Health Hits $2B Valuation After New $190M Funding Round

Behavioral health benefits company Spring Health announced Thursday that it has raised $190 million in a Series C round led by Swedish growth investment firm Kinnevik. The round included a number of participants, including several existing investors, as well as the Guardian Life Insurance Company of America, which is a new investor. Spring Health reported […]

Modern Health’s New COO Brings Lessons Learned from Google, Lyft Amid Era of Hypergrowth

Modern Health — a behavioral health unicorn that bills itself as a one-stop shop for employee mental health benefits — has added a new chief operating officer. Gyre Renwick, a Silicon Valley alum who was an early employee at both Google (Nasdaq: GOOGL) and Lyft (Nasdaq: LYFT), stepped into the position earlier this month. Headquartered […]

Will SPACs Become a Trend Among Behavioral Health Startups?

More than 400 companies across various industries held initial public offerings (IPOs) last year, the most since 2000, even amid the pandemic-led economic downturn. At the same time, many businesses chose to go public by merging with a special purpose acquisition company (SPAC), a maneuver that has gradually gained traction among startups, including the subscription-based […]

Movers & Shakers: Brightline’s Executive Hires; Landmark Fills VP Role

Brightline’s slew of new leaders Brightline — a Palo Alto, California-based provider of behavioral health solutions for children and their families — has announced several additions to its executive team. The additions include: Haleigh Tebben as chief commercial officer Gary Alpert as chief strategy officer and head of business development Zack Still as chief information […]

Battery Ventures Launches Software Platform for Behavioral Health Providers

Battery Ventures, a global investment firm with a background funding health care startups, has announced the creation of a new technology platform to help behavioral health and human services providers improve their operational efficiencies. The new company, Behavioral Holdings, is a cloud-based software platform designed for mental health centers and special education organizations, as well […]

Modern Health Raises $74M to Reach Unicorn Status

Modern Health — a mental health and wellness platform for employers — has raised $74 million in Series D funding, the company announced Thursday.  Modern Health said the new investment brings its total funding raised to more than $170 million and pushes its valuation above $1.17 billion, making it one of the few unicorns in […]