Grow Therapy Raises $88M Sequoia Capital-Led Series C to Advance Effective Mental Healthcare
NEW YORK, April 8, 2024 /PRNewswire/ -- Grow Therapy, a provider-centric mental health technology company improving access to high-quality mental healthcare, today announced the closing of its $88 million Series C investment round led by Sequoia Capital, with support from Growth Equity at Goldman Sachs Alternatives and PLUS Capital alongside artists and athletes from their collective including Anna Kendrick, Lily Collins, Dak Prescott, Joe Burrow, Jrue Holiday, and Lauren Holiday. Existing investors Transformation Capital, SignalFire and TCV also participated in the round. Additionally, the company announced the launch of its enhanced measurement-informed care system, which will allow it to elevate the care experience for clients and providers and make value-based behavioral care accessible for all patient populations, including Medicaid and Medicare members.
- Empowering people to find and engage with effective mental health support is the most pressing need of our time.
- Grow Therapy CEO Jake Cooper said, "Our team believes that empowering people to find and engage with effective mental health support – regardless of their background, geography or financial circumstances – is the most pressing need of our time.
- We're proud to partner with the Grow Therapy team as they pursue the important mission of providing access to trusted mental healthcare."
- Grow Head of Clinical Excellence Cynthia Grant PhD, LCSW, concluded, "Our team at Grow Therapy is privileged to have the opportunity every day to build the infrastructure for this new age of mental healthcare.