Mental health company Tava Health has completed a $20 million Series B funding round led by Catalyst Investors. And existing investors Peterson Partners, Toba Capital, SpringTide, and new investor Blue Heron Capital also participated in the funding round.
The funding round will be used for extensive product development, expansion of Tava Health’s provider network, and bolstering partnerships with employers and health insurance carriers. Kapil Desai, a partner with Catalyst Investors, will join the company’s Board of Directors as part of the investment.
Tava Health’s therapist-centric model differentiates the company in the mental health market. And the company prioritizes therapists, providing open access to Tava’s electronic medical record (EMR) and practice management software, enabling therapists to deliver top-notch care to patients in a full-stack platform.
Tava Health signed agreements with national carriers such as Aetna and UHC in the last year, broadening access to continuous care for patients. The company has also expanded its local partnerships, establishing ties with 45 regional medical carriers.
The company’s commitment to prioritizing therapists translates into industry-leading accessibility and minimal wait times, ensuring that individuals seeking mental health support can swiftly connect with qualified professionals. Through Tava, patients can access care quickly, as early as the same day.
KEY QUOTES:
“Demand for therapy is greater than ever, and while access to mental health care is improving, we still face a crisis of access and quality. We are confident in Tava’s innovative approach to mental health and proud to back a company that successfully delivers a complete solution for therapists, enabling them to do what they do best – helping clients when they need it, how they need it, and where they need it.”
- Kapil Desai
“We developed Tava with therapists at the center, recognizing that their needs are rarely prioritized. By equipping therapists with tools to make them more productive, they can increase time with patients providing mental health care that is so desperately needed. In a mental health landscape where timely access to care is crucial, Tava Health is a beacon of efficiency and accessibility.”
- Dallen Allred, CEO of Tava Health
