Grow Therapy, a mental health technology company, has raised $88 million in a Series C funding round led by Sequoia Capital. The company also announced the launch of its enhanced measurement-informed care system, which aims to make value-based behavioral care accessible to all patient populations, including Medicaid and Medicare members.
The company provides integrated software and services to patients, providers and payors, including patient-provider matching, insurance billing, electronic health records and telehealth software. Since its founding in 2020, Grow Therapy has conducted over 3 million patient encounters and partnered with more than 75 payors across all business lines.
The company’s newly launched technology stack features telehealth infrastructure that lets providers edit patient treatment plans, goals and more. It also includes a measurement-informed care delivery system, note-taking infrastructure, an enhanced patient matching algorithm and an expanded clinical excellence program.
