Grow Therapy, a virtual mental health company, closed an $88 million Series C funding round.
Venture capital firm Sequoia Capital led the round. Goldman Sachs Alternatives and venture capital firms Plus Capital, Transformation Capital, SignalFire and TCV also participated. Actresses Anna Kendrick and Lily Collins joined professional athletes Dak Prescott, Joe Burrow and Jrue Holiday in the round through their association with Plus Capital.
Grow Therapy offers virtual mental health services and therapy. The company said in a release the round will be used to help it expand its geographic footprint. It employs around 12,000 therapists as independent contractors and serves patients in 48 states.
The round brings Grow’s total funding to $178 million.
Related: Top digital health funding: Pro athletes make investments
Cariloop, a caregiver support company, closed a $20 million Series C funding round.
Growth equity firm ABS Capital led the round. Other investors were healthcare-focused growth equity firm Noro-Moseley Partners, venture capital firm KCRise Fund and a fund from Revolution, which is led by AOL co-founder Steve Case.
Cariloop connects caregivers virtually with employer-sponsored care coaches through its software platform. It said in a release the funding will help it expand its market reach with employers and caregivers, while it makes additional investments in digital and service offerings.
The round brings the company’s total funding to $44 million.
Rivia Heath, a revenue cycle management startup, said it secured $3.25 million in a seed funding round.
Venture capital firm PHX Ventures led the round. Venture firm In Revenue Capital participated.
Rivia Health's software aims to help providers streamline the patient payment process by automating tasks like appointment reminders, billing notifications and payment plans. The company said in a release that the funding will help it expand into new markets.
NeueHealth, an insurtech previously named Bright Health Group, said it increased its credit facility with New Enterprise Associates to $30 million.
In a news release, NeueHealth said the incremental funds will be used for general corporate purposes. The company’s board determined that waiting until shareholders approved the transaction would jeopardize its financial viability.
In December, Bright Health Group was ordered by a Texas state court to shutter its subsidiary in the state because it lacked the money to meet its obligations. The company all but abandoned the health insurance business in June 2023 when it announced a deal to offload its final insurance asset to Molina Healthcare.
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