SALT LAKE CITY, March 6, 2024 /PRNewswire/ — Tava Health, a trailblazing mental health company, successfully completed a $20 million Series B funding round led by Catalyst Investors. Existing investors Peterson Partners, Toba Capital, and SpringTide, along with new investor Blue Heron Capital, also participated in the funding round. The new capital will be utilized for extensive product development, expansion of Tava Health’s provider network, and bolstering partnerships with employers and health insurance carriers. Kapil Desai, partner with Catalyst Investors, will join the company’s Board of Directors as part of the investment.
“Demand for therapy is greater than ever, and while access to mental health care is improving, we still face a crisis of access and quality,” said Desai. “We are confident in Tava’s innovative approach to mental health and proud to back a company that successfully delivers a complete solution for therapists, enabling them to do what they do best – helping clients when they need it, how they need it, and where they need it.”
Read the full article here.
Source: www.prnewswire.com