Talkiatry announced it raised an oversubscribed $210 million Series D to fund its next phase of growth as it scales what it calls the nation’s largest full-stack psychiatry provider group. The round was led by Perceptive Advisors, with participation from Sofina and existing investors Andreessen Horowitz (a16z), blisce/, and Left Lane Capital, alongside a debt facility from Banc of California. The company said the financing brings its total capital raised to more than $400 million.
The company said it directly employs more than 800 full-time psychiatrists and has delivered 3 million patient visits to date. Talkiatry reported it is in-network with more than 100 insurers covering over 170 million lives, and that since launching its Mindshare Partner Program in late 2023, it has established partnerships with more than a third of the country’s top 20 health systems and more than 50 health systems in total.
Talkiatry positioned its model as delivering strong outcomes and engagement at scale, citing patient-reported symptom improvement after two visits for anxiety and depression, lower early dropout rates relative to industry benchmarks, and cost-of-care reductions of up to $700 per member per month. The company said its clinical operations are built on a proprietary AI-powered technology platform intended to automate back-office functions, engage patients between visits, help health systems route patients into care, and support innovative payment models with payers, while enabling expansion “across the acuity spectrum.”
Talkiatry also highlighted clinician and patient experience metrics, including psychiatrist satisfaction and reported burnout levels relative to industry averages, as well as therapeutic alliance and patient rapport measures. The company said it treats conditions including anxiety, bipolar disorder, depression, postpartum depression, OCD, and PTSD, and reported a 76 NPS rating. It also noted recognition in 2025 and workplace awards from Fortune and Great Place to Work.
KEY QUOTES
“Talkiatry is setting the standard for how psychiatry is delivered and measured, with a proven national operating model centered on employed psychiatrists built upon a proprietary technology platform. Health systems, payers, and employers continue to choose Talkiatry as their psychiatry partner of record to deliver consistent, superior outcomes across their patient populations. This funding supports expansion into more complex care and deeper partnerships as institutional demand grows.”
Robert Krayn, Chief Executive Officer and Co-Founder, Talkiatry
“Talkiatry has built a national full-stack provider group that sits on a proprietary AI-powered technology platform giving it greater control over the quality and care being delivered at scale. The company’s consistent results across outcomes, engagement, and patient experience position it as defining the next era of psychiatric care in the United States. Our investment supports that long-term vision.”
Michael Altman, Head of Strategy, Perceptive Advisors
