Total amount raised
$159.5 Million
Latest funding date
12/1/2019
Location
Quartet Health has successfully raised funding over 7 rounds, with backing from 19 investors, including notable names like Employee Stock Option Fund and Google Ventures. The platform focuses on delivering high-quality, whole-person behavioral health care, now under the ownership of NeuroFlow.
Keep reading to explore the intricacies of Quartet Health's fundraising journey and the investors backing this innovative platform.
What Is Quartet Health?
Quartet Health, based in New York, is a platform dedicated to facilitating access to mental health care. The company operates in various industries, including health care, information technology, and mental health, and has a workforce of 101-250 employees.
Now a part of NeuroFlow, Quartet Health focuses on delivering value-based behavioral healthcare solutions. The company partners with health plans, health systems, and community mental health centers across 39 states to provide high-quality care for individuals with behavioral health needs.
How Much Funding Has Quartet Health Raised?
- Series A
- Amount Raised: USD 7,000,000
- Date: March 2015
- Lead Investors: Oak HC/FT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand the platform's capabilities in facilitating mental health care access.
- Series B
- Amount Raised: USD 40,000,000
- Date: April 2016
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's integration with healthcare providers.
- Series C
- Amount Raised: USD 40,000,000
- Date: January 2018
- Lead Investors: F-Prime, Polaris Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and improve mental health care coordination.
- Series D
- Amount Raised: USD 60,000,000
- Date: June 2019
- Lead Investors: Centene
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive growth and expand access to behavioral health resources for underserved Medicaid patients.
- Series D
- Amount Raised: USD 7,500,000
- Date: December 2019
- Lead Investors: Echo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform's capabilities and support ongoing growth.
- Corporate Round
- Amount Raised: USD 60,000,000
- Date: December 2021
- Lead Investors: Independence Blue Cross
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's services and improve mental health care delivery.
- Series Unknown
- Amount Raised: USD 51,386,252
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the platform's growth and enhance mental health care access.
Total Amount Raised: USD 265,886,252. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, life sciences, consumer products, artificial intelligence
- Notable Investments: Uber, Slack, Medium
- Centene
- Details: Centene is a major insurer focused on government-sponsored healthcare programs. It is one of the largest providers of Medicaid and Medicare services in the United States.
- Investment Focus Areas: Health insurance, Medicaid, Medicare, behavioral health resources
- Notable Investments: WellCare
- F-Prime
- Details: F-Prime Capital is a global venture capital firm affiliated with Fidelity Investments. It invests in healthcare and technology companies.
- Investment Focus Areas: Healthcare, biotechnology, software, financial technology
- Notable Investments: Denali Therapeutics, Beam Therapeutics, Innovent Biologics
- Polaris Partners
- Details: Polaris Partners is a venture capital firm that invests in technology and healthcare companies. It has a long history of supporting innovative startups.
- Investment Focus Areas: Healthcare, technology, life sciences, software
- Notable Investments: Akili Interactive, Editas Medicine, Ironwood Pharmaceuticals
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm that focuses on healthcare and financial technology. It aims to partner with entrepreneurs to build successful companies.
- Investment Focus Areas: Healthcare, financial technology, insurance technology, digital health
- Notable Investments: VillageMD, Bright Health, One Medical
What's Next for Quartet Health?
Quartet Health stands at the cusp of significant growth opportunities, particularly in expanding access to behavioral health resources for underserved Medicaid patients. With the backing of major investors like Centene, the platform is poised to integrate more clinically-adjacent providers and community-based workers, enhancing care coordination and outcomes.
Future fundraising efforts could focus on broadening the platform's capabilities and reach, potentially attracting additional partnerships with insurers and healthcare providers. However, challenges such as ensuring seamless integration among diverse healthcare providers and navigating regulatory requirements remain. Addressing these hurdles will be crucial for sustaining growth and maintaining the quality of care.
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