Grow Therapy secures $88M funding for virtual mental health platform

Grow Therapy, a digital mental health company, has secured $88 million in Series C funding, led by Sequoia Capital. The funding includes investment from Goldman Sachs Alternatives and PLUS Capital, as well as contributions from artists and athletes. The company also announced a new measurement-based care system to enhance patient experiences and support providers in value-based behavioral care. Grow Therapy connects mental health providers with patients for in-person and telehealth visits, partnering with insurance providers like Aetna and United Healthcare. Other companies in the digital mental health space, such as Quartet Health and Alma, have also recently secured significant funding for expanding their services.

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