Startup Octave banked $52 million in Series C funding to drive the national expansion of its in-network therapy services. The round was led by Cigna Ventures, Novo Holdings and Avidity Partners, and joined by existing institutional investors, Health Velocity Capital, Greycroft Partners, Felicis Ventures, Company Ventures and Obvious Ventures.
This latest round of investment brings the company’s total funding to $86 million.
The new funding will accelerate Octave’s expansion to more regions later this year and all 50 states in 2024. The startup also plans to roll out new technology products to serve payer and provider partners.
Octave’s business model is focused on making care both accessible and effective for patients and also sustainable for the mental health provider, Fierce Healthcare reports. Read more.
