Virtual Psychiatry Company Iris Telehealth Scores $40M

Virtual mental healthcare provider Iris Telehealth scooped up $40 million in a Series B funding led by Concord Health Partners and Columbia Pacific Advisors, Mobi Health News reports.

Iris provides telepsychiatry services through partnerships with providers like health systems, hospitals and community health centers. The company can also help its provider clients triage patients who need more advanced mental healthcare and send them to clinicians with the appropriate license.

The virtual-care startup plans to use the influx of capital to improve its technology infrastructure and scale its go-to-market plan, as well as expanding its clinical operations team and investing in its clinicians. Read more.

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