Vanna Health Raises $29M

Serious mental illness (SMI) startup Vanna Health has raised $29 million ahead of its official launch.

The company, which is centered around connecting patients with SMI to community resources with a value-based care approach, plans to use the new funding to help it grow out its partnerships and launch in a small number of states, Behavioral Health Business reports. Among its leaders: former National Institutes of Health (NIH) Mental Health Director Dr. Thomas Insel, who serves as Vanna’s co-founder and executive chair.

Recently, the company has made deals with major insurers including Blue Cross Blue Shield of Massachusetts and Blue Cross Blue Shield of Arizona. Read more.

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