Brightline raises $72 million in Series B financing, announces national expansion
By Brightline team
By Brightline team
Less than a year ago, we at Brightline launched the first comprehensive virtual behavioral health solution for children, teens, and their families. Today, we’re excited to announce that we’ve secured a Series B round of funding of $72 million, led by GV (formerly Google Ventures).
"In the past year, families everywhere have felt the impact of the pandemic on their children and daily lives. We're seeing more children, adolescents, and teens than ever with behavioral health challenges — now is the time for us to get ahead of the coming wave of need," said Naomi Allen, Brightline CEO and co-founder. "We are fortunate to have incredible partners in GV and all of our investors who joined us to make a difference in the lives of children and families. The latest funding will allow us to innovate even more quickly, expand rapidly, and help more children and families get the care they deserve."
Optum Ventures, 7wireVentures, and Gaingels (the leading venture investment syndicate in support of diversity and representing the LGBTQ community and allies), also invested in the round — as did Debra Lee, chairman and CEO emeritus of BET Networks. Returning investors include Oak HC/FT, Threshold Ventures, Blue Shield of California, Blue Cross Blue Shield of Massachusetts, SemperVirens VC, and City Light Capital.
To date, we’ve raised a total of nearly $100 million in funding — and we’re embarking on our biggest expansion to date. Here’s what you can expect from us in the coming months:
Launch of Brightline Connect and Brightline Coaching with nationwide availability this summer.
Our digital platform Brightline Connect gives families access to personalized content, tips and guides for parents and caregivers, interactive exercises, and chat with a coach for support when and where they need it.
The first programs of their kind designed just for families, Brightline Coaching provides families with support from expert behavioral health coaches through skill-building programs that help with everyday challenges.
Expanding Brightline Care nationwide by the end of 2021 to support national employers and health plans. Our clinical services — including behavior therapy, medication support, and speech therapy — will be available in all 50 states by the end of this year.
"CDC data shows that an estimated 1 in 5 U.S. children has a diagnosed mental or behavioral health condition — yet 80% will not get the care they need. Pediatric behavioral health care is often less accessible and comprehensive than care for adults," said Ben Robbins, psychiatrist and Venture Partner at GV who is joining Brightline's Board of Directors. "Brightline addresses the huge unmet need of pediatric behavioral health services and is uniquely positioned to provide multiple levels of care based on the needs of patients and families."
Read the full press release to find out more about our fundraise and expansion plans. To learn more about Brightline, get in touch with us. Join us as we partner with leading employers and health plans across the country — working together to bring accessible and affordable care to as many families as possible, right when it's needed most.
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- MobiHealthNews — Pediatric-focused mental health startup Brightline scores $72M in Series B Funding