The behavioral health telemedicine startup Aptihealth said Wednesday morning that it has raised $50 million in a series B round of funding.
The fundraise comes from Takeda Digital Ventures, Pivotal Life Sciences, Vista Credit Partners, Olive Tree Ventures, Claritas Capital and What If Ventures.
Aptihealth said it’s in the process of expanding in Boston and moving its headquarters there. The startup plans to maintain a presence in Troy, where it was founded.
Since the company started in 2018, it’s made deals with 27 health plans, health systems, and physician practices. The startup employs more than 120 people. The majority of that growth has come after Dan Pickett, the former chairman and CEO of Nfrastructure, was named CEO in April 2020.
Aptihealth partners with medical providers who can refer patients to psychotherapists through the startup’s online platform, which allows the providers — primary care, therapist, prescriber and care manager — to more easily integrate physical and mental health care.
After an online self-assessment, the patient is matched with the appropriate therapist and they develop a 90-day care plan that includes teletherapy, medication management as needed, and unlimited messaging between therapy sessions.
Aptihealth says the latest funding will help the company expand investment in clinical science, technology and services.
“With the patient at the center, we are redesigning care by empowering comprehensive care teams with unprecedented data, insights, and digital tools to improve efficacy and efficiency,” Pickett said in a press release. “This drives Aptihealth’s ability to attract the most talented providers, who in turn are achieving the highest levels of patient satisfaction, clinical quality, and outcomes. The result is increased access, better care, and lower costs.”
Including the latest round, Aptihealth has now raised a total of $65 million.
