Virtual mental health platform raises $40M

Brave Health, a virtual mental health platform serving patients on Medicaid, has raised $40 million in series C funding.

The company plans to use the new funding to invest in new technology, data infrastructure and to expand into new states. This funding round brings Brave's total capital raised to $60 million, according to the Oct. 11 Brave news release.

The funding round was led by Town Hall Ventures and marked Town Hall's first investment from its new $350 million fund.

"Innovation in Medicaid care delivery and reimbursement models is critical for our healthcare system," Brave co-founder and CEO Anna Lindow said. "Today, we're energized by the enthusiasm from our forward-looking investors and health plan partners around this aim."

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