# Groups Recover Together

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/groups-recover-together

- Industry: Healthcare Specialists
- Headquarters: Burlington, US
- Website: www.joingroups.com
- Total disclosed funding: $60M
- Latest round: Series C (May 5, 2021)
- Investors on record: 8

## About

Based in Burlington, MA, Groups Recover Together offers specialized drug recovery services, focusing on accessible treatment for individuals battling opioid addiction through innovative in-person and virtual care options.Founded in 2014, Groups Recover Together provides recovery services for individuals struggling with substance use disorders. The company has developed a treatment model that integrates both virtual and brick-and-mortar care. Under the leadership of CEO Colleen Nicewicz and founder Silas Howland, the company has raised a total of USD 60.00 mn in funding through various rounds, with the most recent being a Series C round led by Oak HC/FT Partners on May 5, 2021. Notably, Groups Recover Together has completed 7 deals to date, achieving a current company valuation of USD 349.27 mn.Groups Recover Together specializes in providing accessible drug recovery services, primarily through Suboxone treatment. Their core services include a mix of in-person and virtual treatment options, enabling clients to stabilize their condition and start their recovery journey within days. The company serves a diverse clientele, including adults and their families, with an emphasis on a non-judgmental approach. They operate across multiple states in the U.S., ensuring broad access to their services.Revenue is generated through a fee-for-service model, where clients enroll in treatment programs that include weekly sessions. While specific pricing is not disclosed, the company accepts various payment options, including insurance and Medicaid. Their financial model is supported by partnerships with healthcare providers to facilitate referrals, enhancing their reach within the recovery market.In May 2021, Groups Recover Together raised USD 60.00 mn in Series C financing to support its expansion from 12 states to at least 17 states by the end of the year. The company plans to enhance its digital experience, developing an improved virtual care model to complement its established clinics. This strategic focus aims to better meet the needs of members, particularly after the transition to virtual care due to the COVID-19 pandemic.

## Funding rounds

- Series C, May 5, 2021, $60M — RRE Ventures, Bessemer Venture Partners, Kaiser Permanente Ventures, Oak HC/FT, Transformation Capital, Optum Ventures
- Series B, Nov 18, 2015 — Alumni Ventures Group, Green D Ventures
- Seed, Oct 29, 2015 — RRE Ventures, Alumni Ventures Group
- Series B, Sep 30, 2015 — Alumni Ventures Group, Green D Ventures

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B, Seed
- Green D Ventures (https://capitalatlas.ai/funds/green-d-ventures) — Series B
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C
- Kaiser Permanente Ventures (https://capitalatlas.ai/funds/kaiser-permanente-ventures) — Series C
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series C
- Transformation Capital (https://capitalatlas.ai/funds/transformation-capital) — Series C
- Optum Ventures (https://capitalatlas.ai/funds/optum-ventures) — Series C