2 Austin, TX-Based Behavioral Health Startups Post Hefty Fund Raises

Austin, Texas-based startup Legion Health, in announcing a $2 million seed round, follows the development of another high-profile health care startup that turned heads with a big-time funding round, Behavioral Health reports.

Also based in Austin, Wheel Health landed a $150 million Series C investment round to scale up its platform which gives any organization the needed infrastructure to provide virtual primary care.

Cruchbase.com estimates that Wheel — which has so far raised $216 million — could be valued between $500 million and $1 billion, potentially making a unicorn startup.

Individual investors in the Legion Health seed round include Erica Johnson, co-founder of Modern Health; Ravi Shah, chief innovation officer of Columbia Psychiatry; Jeffrey Leerink, CEO of SVB Leerink; Robert Musslewhite, president of Definitive Healthcare; and Jay Desai, former CEO and founder of PatientPing.

Institutional investors include UpHonest Capital and Soma Capital.

Legion has about 800 mental health clinicians in all 50 states on its platform. Read more.

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