Online Therapy Firm Raises $ 50 Million In Second Funding Round


TROY – Aptihealth, started three years ago by a Rensselaer Polytechnic Institute graduate and local psychologist, recently received $ 50 million in funding from a number of leading venture capital firms, which, according to the founders, will allow it to continue to develop its service area and its footprint. in the healthcare sector.

“We have a union that shows a lot of confidence in the work that we have done,” President and CEO Dan Pickett said of the company’s Series B investors, or second round of funding.

The investors are Takeda Digital Ventures, Pivotal Life Sciences, Vista Credit Partners, Olive Tree Ventures, Claritas Capital and What If Ventures.

With Series B in place, aptihealth now has funding worth around $ 70 million, Pickett said. This places it at the forefront of private financing raised by companies based in the capital region.

The company provides a platform that allows psychologists and psychiatrists to conduct therapy sessions online or over the phone.

Pickett and psychologist Alex Marsal started the business in Troy. Although they have since moved their headquarters to Boston, aptihealth still has a presence in Troy and much of its customer base is in and around the Capital Region.

Having a platform to authorize remote sessions brings many benefits, says Pickett. It makes it easier for family physicians, hospitals and health insurers to refer patients to mental health practitioners.

Their platform also includes diagnostic protocols and tools to help achieve the best results with patients.

So far, aptihealth counts CDPHP, Empire Blue Cross, Ellis, and Albany Memorial among insurers and hospitals that use the platform.

Pickett wouldn’t say if aptihealth is still profitable. But it has 2,500 participating patients and the practice employs 120 people.

He also signed with 27 health plans, health systems and doctors’ offices.


Comments are closed.