In Competitive Funding Landscape, Behavioral Health Upstarts Must Outlast the ‘Walking Dead’

This is an exclusive BHB+ story Once investor darlings, budding behavioral health companies have found it more difficult to raise funds over the last two years. In 2021 and 2022, venture dollars were flowing freely into the space. Rock Health reported that investors poured a staggering $4.9 billion into behavioral health in 2021. In comparison, […]

The Truth About Ghost Networks in Behavioral Health: A Conversation with Octave CEO Sandeep Acharya

Ghost networks remain a major problem in health care – and behavioral health is no exception. Broadly, ghost networks create barriers for individuals trying to access behavioral health services through their payer. There are many reasons why ghost networks exist, with payers and providers both contributing to the problem. In this BHB+ TALKS conversation, senior […]

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 […]

Cigna, Novo Holdings, Avidity Partners Lead Hybrid Behavioral Health Startup Octave’s $52M Series C

Digital behavioral health startup Octave has landed $52 million in a Series C funding round led by Cigna Ventures, Novo Holdings and Avidity Partners. This new infusion of capital will fuel the virtual care provider’s expansion into all 50 states by 2024. The latest funding round brings the company’s total raise to $86 million. Behavioral […]

Mental Health Startup Octave Health Group Lands Another $22 Million

San Francisco-based behavioral health provider Octave Health Group has raised $22 million in new capital, according to public documents. This comes roughly two years after the provider closed a $20 million Series B funding round. The latest infusion of capital brings the company’s total funding amount to roughly $56.4 million, according to Crunchbase. Founded in […]

Octave Expands Mental Health Access in California; Announces Partnership with Health Net in Los Angeles

Octave, a national mental health practice with locations in New York and California, announced it will join Health Net’s network of providers to offer its mental health services to more than 500,000 people and patients who have health care plans with Health Net. The partnership will allow Octave to expand its reach throughout California and […]

Behavioral Health Startup Octave Raises $11M

Behavioral health startup Octave has raised $11 million in Series A funding. That brings the San Francisco-based company’s total raised up to $14 million, according to the online startup fundraising tracker Crunchbase. The investment round was led by New York-based private equity firm Greycroft, with money also coming from San Francisco-based venture capital firm Obvious […]