Vanna Health

Vanna Health

Care coordination for severe mental illness.

Overview

Vanna Health supports people with serious mental illnesses by coordinating care across the health system and partnering with payers, providers, and community-based organizations to improve outcomes and lower costs. Its approach blends technology with hands-on care, employing roles like full stack engineers, care coordinators, and care team leaders to connect patients with services and manage care plans. Unlike peers that focus on a single setting, Vanna Health’s model emphasizes collaboration across stakeholders and long-term patient outcomes, backed by a team drawn from healthcare startups, analytics, and legal fields. The goal is to help individuals with serious mental illnesses live meaningful, healthy lives by reducing barriers to care and delivering sustainable, value-based support.

About Vanna Health

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

Industries

Data & Analytics

Enterprise Software

Social Impact

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$52M

Headquarters

San Francisco, California

Founded

2021

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Simplify's Take

What believers are saying

  • June 22, 2026 Vanna raised $17 million from an insurer, AlleyCorp, and Health Velocity.
  • Management says the model cut total medical and pharmacy costs by 33%.
  • Leadership targets New York expansion and deeper payer partnerships in 2026.

What critics are saying

  • June 2026 expansion across four states strains clinical quality and unit economics.
  • Heavy payer dependence exposes Vanna to contract renewals and utilization-management pressure.
  • If outcomes fail to sustain, insurer-backed competitors can copy the model quickly.

What makes Vanna Health unique

  • Vanna Health pairs community coaching with payer contracts for serious mental illness care.
  • June 8, 2026 CEO Liz Kwo and Executive Chairman Giovanni Colella sharpen scaling leadership.
  • Its model targets Medicaid populations with integrated behavioral, medical, and social support.

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Funding

Total Funding

$52M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$17M
Vanna Health
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Holidays

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-6%

2 year growth

-9%
Associated Press
Jul 20th, 2026
Vanna Health appoints Kathy Rowerdink as chief operating officer

Vanna Health, a technology-enabled behavioral healthcare company focused on individuals with Medicaid living with serious mental illness, has appointed Kathy Rowerdink as chief operating officer. Rowerdink brings over 20 years of experience in clinical strategy, enterprise growth, and value-based healthcare. She joins Vanna as the company expands into new markets and deepens payer partnerships. Most recently, Rowerdink served as executive vice president of enterprise sales and growth in the remote diagnostics sector, where she more than doubled the health plan pipeline. Her previous experience includes time at Elevance Health, where she scaled a national advocacy programme and led the company's social determinants of health strategy. She also developed clinical strategies across behavioral health, diabetes, maternal health, and oncology. Vanna Health is backed by AlleyCorp, Health Velocity Capital, and a nationwide health insurance payer.

M2
Jun 22nd, 2026
Vanna Health raises $17M to expand tech-enabled care for serious mental illness

Vanna Health, a value-based health technology company providing integrated mental and chronic health support, has raised $17 million in a funding round co-led by a national healthcare insurer and AlleyCorp, with participation from Health Velocity Capital. The San Francisco-based startup serves individuals with serious mental illness, including schizophrenia and bipolar disorder, which affects approximately 14 million Americans. Vanna Health combines evidence-based clinical care, community integration and proprietary technology to deliver coordinated support through community-based coaching. Currently operating in four states, the company will use the funding to expand into new markets, grow its clinical teams and further develop its technology platform. The model addresses social, behavioural and medical factors whilst working directly with insurance companies and community partners.

Presswire
Jun 8th, 2026
Vanna Health appoints Dr. Liz Kwo as Chief Executive Officer, names Giovanni Colella Executive Chairman.

Vanna Health appoints Dr. Liz Kwo as Chief Executive Officer, names Giovanni Colella Executive Chairman. * Leadership transition reflects Company's growth, operational maturity, and commitment to scaling recovery-oriented care for people living with serious mental illness... [PRESSWIRE] San Francisco, CA - June 8, 2026 - Vanna Health, a value-based health technology company that provides integrated mental and chronic health support through community-based coaching, today announced the appointment of Dr. Liz Kwo as Chief Executive Officer, effective immediately. Dr. Giovanni Colella, who co-founded Vanna Health and has led the company since its inception, will transition to the role of Executive Chairman, where he will remain actively engaged in strategy, partnerships, and governance. Dr. Liz Kwo joined Vanna Health in February 2026 as President. As CEO, she will help lead the company's next phase of national growth, partnering closely with leadership on multi-state expansion, deeper payer partnerships, and continued scaling of Vanna's community-based care model and technology platform, delivering measurable impact across multiple states and thousands of lives. Dr. Kwo is a physician, entrepreneur, and healthcare executive whose career spans clinical medicine, health technology, and large-scale healthcare operations. She has built and scaled healthcare organizations, worked closely with national health plans and community health organizations, and brings a combination of operational expertise, analytical rigor, and deep empathy to every role she serves, including her previous positions as Deputy Chief Clinical Officer at Elevance, Chief Commercial Officer at Everlywell, and CEO at InfiniteMD. A graduate of Harvard Medical School, Harvard Business School, and Harvard School of Public Health, Dr. Kwo has spent her career at the intersection of technology and care delivery, with a consistent focus on improving outcomes for populations historically underserved by the healthcare system. She joins Vanna Health not only as an experienced operator but as a leader deeply aligned with the company's mission and values. "When we built Vanna Health, we knew that lasting impact required the right people at every stage of the journey," said Giovanni Colella, Co-Founder and Executive Chairman of Vanna Health. "Liz is one of those rare leaders who carries extraordinary intelligence and genuine human warmth in equal measure. Watching her work alongside this team over these past months has made this decision not just easy, but obvious. I could not be more proud of what we have built together, and I could not be more excited about what comes next under her leadership." "Vanna Health has built something genuinely transformative, and I am honored to lead the company into its next chapter," said Dr. Liz Kwo. "Our mission remains the same: helping more people access the care, support, and opportunities they need to thrive. Our focus now is on scaling that impact; reaching more communities, expanding the partnerships that make our model possible, and continuing to demonstrate what is achievable when healthcare and social support work together. I am grateful for Giovanni's vision and partnership and excited to build on that foundation with this exceptional team." About Vanna Health. Vanna Health is a technology-enabled healthcare company dedicated to transforming the lives of individuals living with serious mental illness. Through an integrated, community-centered care model, Vanna partners with health plans and health systems to deliver evidence-based care that supports stability, recovery, and lasting well-being. Vanna believes that healing happens through connection, dignity, and belonging, and that with the right support, people with serious mental illness can live fuller, healthier, and more purposeful lives. Media contact. Forward-looking statements in this release are based on current expectations and are subject to risks and uncertainties. Actual outcomes may differ materially.

Associated Press
Feb 16th, 2026
Vanna Health appoints Liz Kwo as president to scale mental health model that cut costs by 33%

Vanna Health, a value-based care provider for people with serious mental illness, has appointed Dr Liz Kwo as president to lead its national expansion. Dr Kwo will partner with founder and CEO Dr Giovanni Colella to scale the company's community-based care model across multiple states and deepen payer partnerships. The company operates in Pennsylvania, Arizona and Indiana, with expansions underway in New York. Vanna Health's integrated model has demonstrated a 33% reduction in total medical and pharmacy costs, driven by decreased emergency department visits and inpatient utilisation. Dr Kwo brings experience in building healthcare models across Medicaid, Medicare and commercial markets. The appointment comes as Vanna Health prepares for further growth with existing customers and development of its AI-enabled care platform.

AInvest Fintech Inc.
Dec 29th, 2025
Vanna Health raises $6M in funding round with $15M target

Vanna Health Inc. has raised $6 million as part of a $15 million funding round, according to a Form D filing. No additional details about the investors, the company's valuation, or the intended use of funds were disclosed in the filing.

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