Tava Health aims to bridge the gap between mental healthcare providers and patients by offering an integrated suite of solutions. Credit: Evgeny Atamanenko / Shutterstock.

US-based mental health startup Tava Health has raised $20m in a Series B investment round led by growth equity company Catalyst Investors.

Among the contributors to the investment round were new investor Blue Heron Capital and current investors Toba Capital, Peterson Partners and SpringTide.

Tava Health will use the capital injection to fund its product development efforts while expanding its provider network, as well as strengthen partnerships with its employers and health insurance carriers.

Catalyst Investors partner Kapil Desai has now secured a seat on the Tava Health board of directors.

Desai said: “We are confident in Tava’s innovative approach to mental health and proud to back a company that successfully delivers a complete solution for therapists, enabling them to do what they do best – helping clients when they need it, how they need it, and where they need it.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Hospital Management.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company’s therapist-centric model provides therapists with open access to EMR and practice management software, enabling high-quality patient care.

In the past year, Tava Health has secured agreements with national carriers like Aetna and UHC, as well as 45 regional medical carriers.

The company said its focus on therapists has boosted accessibility and reduced wait times for mental health services while its platform allows patients to receive care on the same day.

Tava Health CEO Dallen Allred said: “By equipping therapists with tools to make them more productive, they can increase time with patients, providing mental health care that is so desperately needed.

“In a mental health landscape where timely access to care is crucial, Tava Health is a beacon of efficiency and accessibility.”