By OPEN MINDS Circle
Eleanor Health, which provides virtual and in-person addiction and mental health treatment, closed a $50 million Series C financing led by General Catalyst. Eleanor Health will use the newly-raised capital to foster new risk-based, population health partnerships, expand into new markets, including Texas. It also plans to continue building its proprietary care delivery and analytics platform to help scale its evidence-based, data-driven, whole-person care model in communities across its six current markets: Louisiana, Massachusetts, New Jersey, North Carolina, Ohio, and Washington.
In addition to General Catalyst, the Company received significant participation from existing investors including Warburg Pincus and Town Hall Ventures. It received new participation from Northpond Ventures and Rethink Impact, a venture capital firm investing in tech-forward organizations with female and non-binary leaders.
Eleanor Health delivers comprehensive, whole-person care for addiction and mental health conditions through population- and value-based payment models. It has partnerships with Medicare, Medicaid, and employers. By the end of 2022, Eleanor Health anticipates managing more than 60,000 members under its innovative partnership models, a population that traditional models struggle to reach.
Contact information: Alexandra Piersiak, Senior Director, Marketing and Member Engagement, Eleanor Health, 155 Federal Street, Suite 700, Boston, MA 02110; 617-909-5022; Email: alexandra.piersiak@eleanorhealth.com; Website: https://www.eleanorhealth.com/