# Brave Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brave-health

- Industry: Healthcare Specialists
- Headquarters: Miami, US
- Website: www.bebravehealth.com
- Total disclosed funding: $50M
- Latest round: Series C (Oct 11, 2022)
- Investors on record: 6

## About

Brave Health is a telehealth provider focused on delivering accessible mental health care, offering services such as therapy and psychiatric medication management to a diverse clientele across multiple states in the US.Founded in 2017 in Miami, US, Brave Health offers telehealth-enabled mental health care services. The company has successfully raised funding through 4 deals, with the latest being a Series C round in October 2022, where they secured USD 40.000 mn led by Town Hall Ventures, along with participation from Alumni Ventures Group, City Light Capital, and Union Square Ventures. The founder, Anna Lindow, leads the company as CEO and has a background in mental health services.Brave Health specializes in providing accessible and clinically effective telehealth-enabled mental health care, focusing primarily on therapy and psychiatric medication management. Their core offerings include individual therapy, psychiatry services, marriage and family counseling, clinician-led group therapy, and specialized therapeutic programs such as Dialectical Behavior Therapy (DBT) and Eye Movement Desensitization and Reprocessing (EMDR). Brave Health aims to address a wide range of mental health issues, including depression, anxiety, and substance abuse, thereby improving patients' overall mental well-being. The company operates across several states including Florida, Georgia, Illinois, Indiana, Ohio, Oklahoma, New Mexico, New York, North Carolina, and Texas.Brave Health generates revenue through direct service fees for therapy and psychiatry services, which are often covered by a variety of insurance plans, including commercial, Medicaid, and Medicare. They cater primarily to individual patients seeking mental health support. Revenue streams include appointment bookings for services like 60-minute mental health assessments and ongoing therapy sessions, with confirmed appointment availability often within seven days for certain insurance plans. Additional revenue is generated from clinician-led group therapy sessions and specialized programs, all while accepting over 200 insurance plans to enhance accessibility for their diverse patient base.In October 2022, Brave Health raised USD 40.000 mn in Series C funding, led by Town Hall Ventures, to further develop its product offerings and invest in nationwide market expansion. The company plans to introduce new products and services to enhance its mental health care delivery. Expansion into additional markets within the U.S. is also on the agenda to broaden their reach and client base.

## Funding rounds

- Series C, Oct 11, 2022, $40M — Union Square Ventures, City Light Capital, Alumni Ventures Group, Town Hall Ventures
- Series B, Oct 26, 2021, $10M — Union Square Ventures, City Light Capital, Able Partners
- Series A, Jul 1, 2021 — Operator Partners

## Investors

- Operator Partners — Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series B, Series C
- City Light Capital (https://capitalatlas.ai/funds/city-light-capital) — Series B, Series C
- Able Partners (https://capitalatlas.ai/funds/able-partners) — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- Town Hall Ventures (https://capitalatlas.ai/funds/town-hall-ventures) — Series C