Talkiatry secures $130M in Series C funding led by Andreessen Horowitz and Perceptive Advisors to expand value-based behavioral health care model

Jun 18, 2024•over 1 year ago

Amount Raised

$130 Million

Round Type

series c

New YorkSportsHealth Care

Investors

Banc Of CaliforniaPerceptive AdvisorsAndreessen Horowitz

Description

Talkiatry, a leading provider of high-quality, in-network psychiatric care, has announced a $130 million equity and debt financing round. The funding round was led by Andreessen Horowitz and Perceptive Advisors, and will support Talkiatry as it continues to expand its value-based care model for behavioral health, aiming to reduce total cost of care, improve health outcomes, and produce real savings for patients, health plans, and health system or provider group partners.

Company Information

Company

Talkiatry

Location

New York, New York, United States

About

Talkiatry is a national mental health practice that provides in-network psychiatry and therapy. We were co-founded by a patient and a triple-board-certified psychiatrist to solve the problems both groups face in accessing and providing the highest quality mental healthcare. 60% of adults in the U.S. with a diagnosable mental illness go untreated every year because care is inaccessible, while 45% of clinicians are out of network with insurers because reimbursement rates are low and paperwork is unduly burdensome. With innovative technology and a human-centered philosophy, we provide patients with the care they need—and allow psychiatrists to focus on why they got into medicine. We’re proud to be a Great Place to Work®-certified company. Want to transform psychiatry with us?

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