Valera Health

Valera Health

Digital platform for telehealth mental health services

About Valera Health

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

Industries

Healthcare

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$78.3M

Headquarters

New York City, New York

Founded

2015

Overview

Valera Health provides mental health services through a digital platform, focusing on both therapy and psychiatry for individuals aged 6 and older. Their telemental health platform enables patients to connect with a care team, which includes a Health Connector, therapist, and psychiatrist, from anywhere, making mental health care more accessible. Unlike many competitors, Valera Health emphasizes a collaborative approach to patient wellness, ensuring that all members of the care team work together. The goal of Valera Health is to enhance the convenience and effectiveness of mental health care, allowing patients to receive support from the comfort of their homes.

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Simplify's Take

What believers are saying

  • Partnership with Blue Cross VT expands access to underserved areas in Vermont.
  • $45M growth equity financing supports technology enhancement and service expansion.
  • LGBTQIA+ therapy launch taps into growing demand for inclusive mental health services.

What critics are saying

  • Competition from large healthcare companies like CVS Health threatens market share.
  • Regulatory changes in Vermont could impact the Blue Cross VT partnership.
  • Rapid expansion into college campuses may strain resources and affect service quality.

What makes Valera Health unique

  • Valera Health combines digital technology with human touch for mental health services.
  • The company offers specialized programs for Serious Mental Illness and Maternal Health.
  • Valera Health provides therapy and psychiatry services for individuals aged 6 and above.

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Funding

Total Funding

$78.3M

Above

Industry Average

Funded Over

4 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Paid Vacation

Disability Insurance

Life Insurance

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
U.S. Securities and Exchange Commission
Sep 3rd, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

PR Newswire
Oct 4th, 2023
Valera Health & Blue Cross And Blue Shield Of Vermont Announce New Partnership

NEW YORK, Oct. 4, 2023 /PRNewswire/ -- To meet the increasing need for mental health and substance use disorder providers, Valera Health has announced a new partnership with Blue Cross and Blue Shield of Vermont (Blue Cross VT). A leader in virtual mental health care, Valera Health offers therapy and psychiatry services for adults, adolescents, and children ages 6 and older."Many Vermonters struggle to find mental health providers who are taking new patients. This partnership with Valera Health will offer more resources to access care," says Lou McLaren, Director of Provider Services at Blue Cross VT.Valera Health offers a balance of human touch and technology to support broad mental health conditions that include perinatal mental health, childhood and adolescent anxiety, OCD and depression, to schizophrenia and follow up after hospitalization. This addition to the Blue Cross VT network makes it easier for Vermonters to connect to a mental health care team through a virtual platform. Valera's specialized programs include Serious Mental Illness (SMI), Child & Adolescent, and Maternal Health."We are proud of our partnership with Blue Cross and Blue Shield of Vermont

PR Newswire
Sep 21st, 2023
Bettermynd & Valera Health Partner To Expand Mental Health Services Available To College Campuses

NEW YORK, Sept. 21, 2023 /PRNewswire/ -- BetterMynd, a leading provider of online mental health services to college and university students, recently announced their strategic partnership with Valera Health aimed at enhancing and expanding the mental health offerings available to their partner campuses across the nation. The growing demand for mental health support amongst college students has underscored the need for innovative technology solutions that prioritize timely access to high-quality clinical care. "Over the past few years, the number of college students in need of mental healthcare has skyrocketed," said Dr. Thomas Tsang, Chief Strategy Officer and Co-founder of Valera Health. "We look forward to working with BetterMynd to provide long overdue care for these underserved students."

Valera Health
Jun 12th, 2023
The Importance of LGBTQIA+ Affirming Mental Healthcare

Valera Health is happy to announce the launch of its LGBTQIA+ therapy and support group for adults ages 18+.

Commetric
May 30th, 2023
Traditional Healthcare PR Lost the Plot on Mental Health. Here's Why

Pharmacy company CVS Health, for instance, launched virtual care offerings that aimed to reimagine the landscape of therapeutic intervention, while health insurance giant Cigna invested in virtual mental health company Valera Health.

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