Ritten, an AI-powered system of record for behavioral health providers, has raised a $35 million Series B funding round led by Five Elms Capital, with participation from existing investors Threshold Ventures, 8VC, Bienville Capital, and others. The Philadelphia-based company said the financing will support expansion across mental health and addiction treatment providers spanning all levels of care.
Founded in 2020, Ritten positions its platform as a unified system that integrates electronic health records, customer relationship management, and revenue cycle management within a modern, AI-enabled workflow. The company said the product is designed to streamline processes across outpatient and residential settings, covering steps from referrals and admissions through scheduling, charting, compliance, and billing, with an emphasis on reducing administrative burden and burnout while improving operational efficiency for provider organizations.
Ritten said the new capital will help advance its product roadmap and deepen adoption in a behavioral health market where many providers still rely on fragmented tools. Five Elms also said it expects to support further development of AI capabilities for both practitioners and revenue cycle management. And Ritten plans to keep integrating AI-powered workflows across the platform, expand customer support offerings, and grow enterprise capabilities to meet the needs of organizations ranging from single-site clinics to multi-state groups.
Five Elms Capital, a growth investor focused on software companies, said it brings both capital and operational support to help portfolio companies accelerate product and go-to-market execution. In the announcement, the firm said it manages more than $3 billion in assets and has invested in more than 70 software platforms worldwide.
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“Behavioral health providers do extraordinary work in some of the most demanding care environments, and our team has always been dedicated to giving them the next generation of tools that reduce friction and improve care. Five Elms immediately understood our mission and approach. This partnership with Five Elms will allow us to advance our AI-first roadmap, continue supporting clinicians and staff, and scale solutions that meet the nuanced requirements of behavioral health.”
Noah Whitehead, CEO of Ritten
“Ritten is revolutionizing a space that has long been underserved by fragmented, outdated technology. Their platform unifies the critical systems that practices need to grow, operate efficiently, and deliver high-quality treatment, enhanced by AI to meaningfully reduce complexity for care teams. We’re thrilled to be part of the next phase of Ritten’s growth.”
Ryan Mandl, Partner at Five Elms
