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Octave Raises $52M In Series C Funding To Expand In-Network Mental Health

PRIVATEJun 15, 2023

Amount Raised

$52 Million

Round Type

Series C

San FranciscoHealthcare

Investors

FelicisObvious VenturesCompany VenturesGreycroft PartnersHealth Velocity CapitalAvidity PartnersNovo HoldingsCigna Ventures

Description

Octave, an innovator in outcomes-focused behavioral health care, today announced that it has secured $52 million in Series C funding to drive national expansion of evidence-based, in-network therapy services. The round was led by Cigna Ventures, Novo Holdings, and Avidity Partners, and joined by all existing institutional investors, Health Velocity Capital, Greycroft Partners, Felicis Ventures, Company Ventures, and Obvious Ventures.

Quick answer

Octave raised $52 Million in a Series C round, dated June 15, 2023. Investors: Felicis, Obvious Ventures, Company Ventures, Greycroft Partners, Health Velocity Capital, Avidity Partners, Novo Holdings and Cigna Ventures. Octave is based in San Francisco, California, United States.

How much did Octave raise?
Octave raised $52 Million in a Series C round on June 15, 2023.
Who invested in Octave?
Felicis, Obvious Ventures, Company Ventures, Greycroft Partners, Health Velocity Capital, Avidity Partners, Novo Holdings and Cigna Ventures are named as investors in this round.
What does Octave do?
Octave is a modern behavioral health practice creating a new standard for care delivery that's both high-quality and accessible to more people.
Where is Octave based and how big is it?
Octave is based in San Francisco, California, United States.
Who are the decision-makers at Octave?
Fundz holds 1 contact at Octave. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare around the same time

Companies in the same sectors as Octave that raised within 45 days of this round, from Fundz verified event records.

  • Hummingbird Healthcare raised $1.2M (Seed) on May 9, 2023.
  • Melt Pharmaceuticals raised $39M (Seed) on July 28, 2023.
  • SOUTHERN SKY BRANDS raised $100K (Pre-Seed) on July 28, 2023.
  • Atropos Health raised $3.3M on July 28, 2023.
  • Remedy Plan raised $19M on July 28, 2023.
  • JOGO Health raised $3.3M (Seed) on July 28, 2023.

Who to call at Octave, and when

A new round usually means Octave is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Octave

Location

625 MARKET STREET

San Francisco, California, United States

About

Octave is a modern behavioral health practice creating a new standard for care delivery that's both high-quality and accessible to more people. With in-person and virtual clinics, the company offers personalized care plans that can include individual, couples, and family therapy, while pioneering relationships with payers to make care more affordable through insurance. Grounded in science, Octave enables clients to experience profound change that is as measurable as it is meaningful. Learn more at www.findoctave.com SOURCE Octave Health Group

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.