An unfortunate reality of mental illness is that it can often go untreated. Quartet Health — which just raised $40 million in Series C funding — aims to tackle the issue with its sophisticated platform.
Using data and other technology, it identifies patients who likely have untreated mental health conditions. From there, the tool assesses the individual’s needs and scans its database to pair them with a mental health provider.
The latest investment will help the company expand across the country and grow its tech team.
“Making collaboration between primary care physicians and behavioral health specialists work is a must if we are ever going to improve the overall health of our country,” founder and CEO Arun Gupta said in a statement.
The funding was led by F-Prime Capital Partners and Polaris Partners with participation from all existing investors.
“The bridge between mental and physical health is being built with technology leading the charge.”
In addition to the funding, three industry leaders — Carl Byers, Ken Goulet and Lanham Napier — have joined the Quartet board of directors. Coming from healthcare technology giants like athenahealth, Anthem and Rackspace, the executives will provide their expertise and help drive the company forward.
“The bridge between mental and physical health is being built with technology leading the charge,” Gupta said in a statement. “We have experienced tremendous growth coming into 2018, and are excited to have the best of the healthcare and technology worlds supporting us as we scale.”
Quartet was founded in 2014 and has raised a total of $87 million to date. It’s available in six major markets, with New Jersey being the newest implementation.
