![]() ![]() Through their engagement-based approach, Brave offers a solution that ensures patients have their needs met before they have a chance to worry about access to care. “Mental health recently surpassed Covid as the top health-related concern in the U.S.,” Fagin wrote in an email. ![]() Town Hall, which is focused on improving healthcare for underserved communities, chose to support Brave because of the provider’s work in engaging people to seek mental health support, said Anna Fagin, principal of the venture capital firm. Other investors of the company include Union Square Ventures and City Light Capital. ![]() This funding round was led by Town Hall Ventures. Including the $40 million infusion, Brave has raised $60 million in total. While it primarily focuses on Medicaid, it also contracts with commercial and Medicare plans. ![]() Miami-based Brave currently works with more than 200 health plans across 18 states and offers therapy, psychiatry and peer support. The company announced Tuesday it secured $40 million in Series C funding, which it will partially use to expand to more states, said CEO and cofounder Anna Lindow in an interview. Virtual mental health provider Brave Health is working to change that by primarily working with Medicaid plans. Despite the fact that one in four Americans receive healthcare through Medicaid, research shows only 35% of psychiatrists actually accept it. ![]()
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