Total amount raised
$128 Millions
Latest funding date
01/01/2025
Location
Eleos Health has successfully raised $60 million through a Series C funding round, attracting investments from notable firms such as Union Tech Ventures and Menlo Ventures. The company leverages AI-powered solutions to enhance behavioral health care by reducing administrative burdens and improving treatment outcomes.
Keep reading to explore the intricacies of Eleos Health's fundraising journey and the investors backing this innovative platform.
What Is Eleos Health?
Eleos Health, founded in 2019, is based in Boston, Massachusetts. The company specializes in AI-powered solutions for behavioral health, aiming to reduce the administrative burden on healthcare providers and improve patient care.
Founded by Alon Joffe, Alon Rabinovich, Dror Zaide, and Shiri Sadeh-Sharvit, Eleos Health leverages voice analysis and natural language processing to enhance treatment outcomes and workflow efficiency.
With a team of 51-100 employees, Eleos Health offers tools that automate documentation and compliance tasks, allowing clinicians to focus more on client care.
How Much Funding Has Eleos Health Raised?
- Pre-Seed Round
- Amount Raised: $2M
- Date: February 2020
- Lead Investors: lool ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial AI-powered solutions for behavioral health.
- Seed Round
- Amount Raised: $6M
- Date: September 2021
- Lead Investors: aMoon Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product development.
- Series A
- Amount Raised: $20M
- Date: April 2022
- Lead Investors: Eight Roads Ventures, F-Prime Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series B
- Amount Raised: $40M
- Date: November 2023
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand product offerings.
- Series C
- Amount Raised: $60M
- Date: January 2025
- Lead Investors: Greenfield Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings, grow the commercial team, and target underserved segments of behavioral healthcare.
Total Amount Raised: $128M. Current Valuation: Not publicly disclosed.
Key Investors
- Greenfield Partners
- Details: Greenfield Partners is a venture capital firm that invests in disruptive technology and tech-enabled businesses globally at the Early Growth stage.
- Investment Focus Areas: Disruptive technology, tech-enabled businesses, healthcare.
- Notable Investments: Not publicly disclosed.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that focuses on technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Not publicly disclosed.
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global investment firm backed by Fidelity, focusing on technology, healthcare, and consumer sectors.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Not publicly disclosed.
- F-Prime Capital
- Details: F-Prime Capital is a global venture capital firm that focuses on healthcare and technology sectors.
- Investment Focus Areas: Healthcare, technology.
- Notable Investments: Not publicly disclosed.
- aMoon Fund
- Details: aMoon Fund is a healthcare and life sciences venture fund.
- Investment Focus Areas: Healthcare, life sciences.
- Notable Investments: Not publicly disclosed.
What's Next for Eleos Health?
Eleos Health is poised to capitalize on the $11 billion post-acute behavioral healthcare market, particularly by expanding into underserved segments like substance use disorder (SUD) treatment centers. The company plans to leverage its AI-driven solutions, including the newly launched Eleos Compliance, to enhance clinical documentation and compliance, thereby reducing administrative burdens for clinicians.
Given its rapid growth and market penetration, Eleos Health is likely to seek additional funding rounds to support further expansion and product development. The company has already raised over $120 million and may attract more investment to fuel its ambitious plans. However, Eleos will need to navigate regulatory and compliance challenges, ensure the scalability of its AI solutions, and compete with other tech vendors in the behavioral health space.
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