Valera Health raises $3.8M to expand telehealth services
BROOKLYN, N.Y., Feb. 3, 2021 /PRNewswire/ — Valera Health, a tele-behavioral health service that provides personalized team-based clinical care, announced the closing of a $3.8M round led by AXA Venture Partners (AVP) with participation from Windham Ventures, Figure Eight Investments, and notable mental health expert Tom Insel, MD, former Director of the National Institute of Mental Health. Existing investors TWC and James Nahirny also participated in the round. The new financing brings the company’s total funding to $9M. Manish Agarwal, General Partner at AVP, will be joining Valera’s board.
The new capital will fund strategic market expansion and support the growth of existing services. “2020 has impacted everyone from all walks of life. The need for high-quality longitudinal mental health services is significant and Valera is positioned to help patients with anxiety and depression, as well as severe conditions like schizophrenia and bipolar disorder. With this funding, we can scale to multiple markets and bring our unique team-based approach to communities in need. We’re excited about our new partners who are global leaders in scaling businesses,” said Thomas Tsang, MD, CEO and co-founder.