Tava Health

Tava Health

Provides employer-sponsored online therapy for employees

Overview

Tava Health provides online therapy services tailored for employees by partnering with employers. The core offering is access to licensed therapists through an online platform that employees and their family members can use as part of the company’s benefits package. Employers pay a fee to provide these mental health services to their workforce, making care more convenient and affordable for employees. The platform handles scheduling and therapy sessions online, removing barriers to access. Unlike more generic mental health services, Tava Health centers its business on integrating mental health care into workplace benefits, highlighting outcomes like better employee retention, lower medical costs related to mental health, and a stronger company culture. The company’s goal is to help employers improve workforce well-being and productivity by making high-quality mental health care easy to access for employees and their families.

Funded Recently

About Tava Health

Simplify's Rating
Why Tava Health is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Healthcare

Company Size

201-500

Company Stage

Series C

Total Funding

$73M

Headquarters

Salt Lake City, Utah

Founded

2019

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Simplify's Take

What believers are saying

  • Tava Health achieved 952% revenue growth over three years ending 2024 from employer demand.
  • 87% of clients show measurable improvement via therapist-matching algorithm and rapid 12-hour availability.
  • $40M Series C from Centana Growth Partners in April 2026 funds AI platform expansions.

What critics are saying

  • Lyra Health erodes Tava's market share through established employer contracts in 6-12 months.
  • Headspace Health captures budgets with cheaper AI tools competing against Symphony in 12-18 months.
  • HHS audits shut down Symphony's AI scribes in 18-24 months due to behavioral health regulations.

What makes Tava Health unique

  • Tava Health integrates with 200+ health plans covering 93% of commercially insured Americans nationwide.
  • Symphony launches mid-2026 as free AI-assisted platform with clinical scribe and clawback-protected payments.
  • TavaCare offers zero-budget employer benefits using existing insurance without per-employee fees.

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Funding

Total Funding

$73M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Tava Health
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Health Savings Account/Flexible Spending Account

Paid Vacation

Paid Holidays

Parental Leave

Remote Work Options

Stock Options

401(k) Retirement Plan

Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

0%
SpringTide Ventures
Nov 14th, 2024
Tava Health Raises $20 Million to Bridge the Gap in Mental Health Care with a Therapist-Centric Approach

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.

PR Newswire
Apr 16th, 2024
Health Advocate Partners With Tava Health To Expand Access To Virtual Therapy

Enhanced by Tava, Health Advocate's virtual support program now offers even more options for digital teletherapy across all 50 statesPLYMOUTH MEETING, Pa., April 16, 2024 /PRNewswire/ -- Health Advocate, a leading provider of integrated health advocacy and navigation, well-being, and behavioral health programs, announced it has partnered with Tava Health to expand access to digital teletherapy and enable members to seamlessly connect to Tava's extensive nationwide network of licensed professional therapists. This new partnership extends and complements the comprehensive emotional well-being support currently provided by Health Advocate's licensed Care Managers and existing nationwide network of therapists, ensuring members can quickly and easily connect with help in the way that best fits their needs.TavaSupporting employees' mental health continues to be a priority for employers; however, it can be difficult for individuals to find providers to get the help they need. With an ongoing mental health provider shortage and increased demand for support, many people are unable to access care in a timely manner, but virtual therapy is helping to address this challenge. Through this new collaboration, Health Advocate and Tava Health are simplifying the process to connect with a licensed provider and schedule an appointment, all within a few days.Health Advocate members can access Tava's network through the Heath Advocate member portal, search for a provider based on their unique needs and preferences, and self-schedule appointments as needed. The entire process is confidential within the HIPAA-compliant secure platform and integrated with members' health insurance plans to provide uninterrupted care with a therapist once employer-sponsored sessions have been exhausted."Emotional and mental health is one of Health Advocate's primary areas of focus, and we are committed to offering innovative solutions and services to help our clients ensure their employees' access to high-quality behavioral health resources," said Jeff Cordell, Health Advocate's President and CEO. "We are thrilled to partner with Tava to expand the options our members have to securely, quickly and easily connect to the care they need

PR.com
Mar 9th, 2024
Tava Health Raises $10M Series A to Provide Access to Mental Health Services for Employees Everywhere - PR.com

Tava matches employees with the therapist that best meets their needs and facilitates therapy sessions virtually through its seamless, intuitive platform.

Behavioral Health Business
Mar 6th, 2024
Tava Raises $20M in Series B to Expand Virtual Mental Health Platform

Salt Lake City, Utah-based Tava secured $16 million in January and recently secured an additional $4 million in a funding round led by Catalyst Investors.

PR Newswire
Mar 6th, 2024
Tava Health Raises $20 Million to Bridge the Gap in Mental Health Care with a Therapist-Centric Approach

/PRNewswire/ -- Tava Health, a trailblazing mental health company, successfully completed a $20 million Series B funding round led by Catalyst Investors....

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