2 minute read | April.11.2024
Grow Therapy, a provider-centric tech company improving access to high-quality mental healthcare, has closed an $88 million funding round
Orrick advised Grow Therapy in the Series C financing.
Sequoia Capital led the round 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.
Grow Therapy is a provider-centric mental health technology company improving access to high-quality mental healthcare. Grow Therapy provides therapists and prescribers with a suite of business tools and services, peer community and pipeline of expertly matched patient referrals so that they can set up and grow thriving in-person and virtual private practices, within the communities they care about most.
Grow Therapy provides integrated vertical software and services to patients, providers and payors, including seamless patient-provider matching, insurance billing, electronic health records (EHR) & telehealth software and care navigation.
The company also announced the launch of its enhanced measurement-informed care system. The system 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.
“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,” Grow Therapy CEO Jake Cooper said.
“Together with our partners and stakeholders, we are building an environment where people can easily find care they can trust and afford, and where therapists can serve their communities while building sustainable, rewarding careers."
Orrick’s Josh Pollick and George Pothoulakis led the team that advised Grow Therapy. The team also included Serena Tibrewala, Robert Moore, Chapin Scaggs and Jake Ornstein.