Participated · Series B · Oct 2024

Healthie offers an API-first platform that combines EHR, scheduling, and patient engagement tools alongside a marketplace of third-party partners. The platform is designed so organizations of any size can build, customize, and scale virtual-first care models. Healthie emphasizes continuous and collaborative care workflows and plans to introduce AI-powered solutions into the clinical experience. It also intends to expand its marketplace to broaden third-party integrations. The company meets top data-security and certification standards, including HIPAA, HITRUST R2, SOC-2 Type 2, and ONC certification. Healthie is led by its CEO and positions itself as infrastructure for next-gen healthcare organizations. Healthie offers a software platform that helps healthcare companies and startups handle back-office operations and deliver virtual patient engagements using customizable templates. The product is positioned as infrastructure for next-generation virtual care — likened by the founder to how Stripe simplified e‑commerce payments. Customers can customize templates for workflows and for informing patients about data and HIPAA compliance; Healthie asserts it is HIPAA compliant and that customer data remains the customers’. The company launched in 2016 and serves more than 2,000 organizations while storing upward of 1.3 million patient records. Healthie says it has been profitable for several years, reporting FCF, EBITDA, aEBITDA and GAAP net income for fiscal 2020 and 2021 and FCF net‑income profitability since 2018. The company plans to use new funding to continue developing its software and underpin virtual care delivery.

Participated · Equity · Nov 2021

Valera Health operates a virtual behavioral healthcare practice that delivers comprehensive, longitudinal care through a team-based model of licensed therapists, nurse practitioners, case managers and psychiatrists augmented by proprietary digital technology and analytics. The company emphasizes evidence-based treatment plans and a quality strategy aligned to NCQA HEDIS measures to manage patients across acuity levels, from mild depression to schizophrenia. Valera partners closely with health systems and health plans, and its payer/provider partnerships collectively cover over 50 million lives. It offers culturally-intentional care to BIPOC and LGBTQ+ communities via a diverse, multilingual provider network in which more than 50% of clinicians self-identify as Black, Hispanic, or Asian. Valera says the financing will enable expansion of access to high-quality behavioral health care and deepen partnerships with leading health systems and health plans. The company closed a $44.5M growth equity round in late 2022 as part of its current financial position. Valera Health is a NYC-based mental health company delivering tech-driven virtual services. It provides comprehensive longitudinal care via a team-based model of coaches, therapists, and medication prescribers augmented by proprietary digital technology and analytics. The company treats conditions ranging from mild depression to severe schizophrenia and offers personalized, culturally intentional care for rural and urban communities, including BIPOC and LGBTQ+ patients, through a diverse, multilingual provider network. Over the past twelve months Valera has partnered with health plans and provider groups covering over 12 million lives. Valera intends to use the newly raised $15M to expand operations and business reach and will be expanding to multiple states in the coming months. The company is led by co-founder and CEO Dr. Thomas Tsang. Valera Health is a Brooklyn, N.Y.-based tele-behavioral health service that delivers longitudinal, team-based clinical care using coaches, therapists and medication prescribers augmented by proprietary digital technology. Its care model provides personalized treatment across a spectrum from meditation to therapy to medications for patients with mild depression to severe schizophrenia. The multidisciplinary care team includes licensed social workers, mental health counselors, nurse practitioners, and psychiatrists. The company is led by CEO and co-founder Thomas Tsang, MD. Valera plans to use new capital for strategic market expansion and to grow existing services. The articles report total funding to date of $9M following the latest raise.