Talkiatry, a provider of in-network psychiatric care, completed a $130 million equity and debt financing round. The equity round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors. Banc of California provided the debt financing.
The Series C investment will fuel Talkiatry’s continued expansion of its value-based care model for behavioral health, reducing total cost of care, improving health outcomes and producing real savings for patients, health plans and health system or provider group partners. Talkiatry’s total raise to date is $245 million, with previous participation from investors including Left Lane Capital and blisce.
“Over the past few years, we’ve built one of the country’s largest and highest-quality in-network psychiatric practices, while proving with real-world data that we deliver superior health outcomes and cost savings,” Robert Krayn, CEO and co-founder of Talkiatry, said. “We’re thrilled to be part of the a16z family as we continue to bring more health plans into value-based contracts and expand to reach more Americans in need.”
“Talkiatry has mainstreamed outcomes-based psychiatric health care and risk-based payment models. The company has built a reputation for providing affordable, high-quality treatment for psychiatric patients while creating robust partnerships with a continually-expanding payor network,” Scott Kupor, managing partner of a16z, said. “We look forward to working with Georgia, Robert and the Talkiatry team to usher in a new era of innovation in this important area of mental health care.”
