Alma Raises $130M

Alma, a digital behavioral health company that helps providers streamline their business and work with insurers, has raised $130 million in Series D funding. This news comes just months after the startup closed a $90 million round, Behavioral Health Business reports.

Thoma Bravo led the round with participation from Cigna Ventures, Insight Partners, Optum Ventures, Tusk Venture Partners, Primary Venture Partners, and Sound Ventures.

Alma is focused on supporting small mental health practices. It does this by helping those businesses set up an infrastructure to accept and contract with insurance plans. The company provides mental health practitioners with teletherapy software, automated billing and scheduling tools. Alma offers provider education and training tools.

The company’s platform also lets patients search for providers. Read more.

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