Brightside Health Raises $105M in Series C

Brightside Health has successfully raised $105M in a Series C at a $650M valuation led by Optum Ventures, Premera Blue Cross, Cigna Ventures, Threshold Ventures, Maveron.

Company Overview

Brightside Health is a HealthTech company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2019 with 400+ employees.

Virtual mental health care

Fundraising Details

• Amount Raised: $105M
• Round Type: Series C
• Valuation: $650M
• Date: 2024-01-20
• Investors: Optum Ventures, Premera Blue Cross, Cigna Ventures, Threshold Ventures, Maveron

About Brightside Health

Virtual mental health care The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 548 Market Street, San Francisco, CA 94104
• Founded: 2019
• Team Size: 400+
• Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Brightside Health's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Brightside Health's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $650M valuation marks an important milestone for Brightside Health, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Brightside Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-20. For more information about Brightside Health, visit their headquarters at 548 Market Street, San Francisco, CA 94104.