Brightline, a Palo Alto CA-based provider of a behavioral health solution built specifically for children, teens, and their families, raised $72M in Series B funding.
The round was led by GV which participation from Optum Ventures, 7wireVentures, and Gaingels and returning investors Oak HC/FT, Threshold Ventures, Blue Shield of California, Blue Cross Blue Shield of Massachusetts, SemperVirens VC, and City Light Capital. Debra Lee, Chairman and CEO Emeritus, BET Networks, also contributed to the round as an independent investor. The round includes $7M of venture debt from Silicon Valley Bank. Ben Robbins, psychiatrist and Venture Partner at GV, is joining Brightline’s Board of Directors. Glen Tullman, CEO of Transcarent and Managing Partner at 7wireVentures, and Laura Veroneau, Partner at Optum Ventures, are joining Brightline as Board Observers.
The company, which has now raised a total of nearly $100 million in funding to date, intends to use the funds to to scale care across the country.
Led by Naomi Allen, CEO and co-founder, Brightline provides technology-enabled pediatric behavioral health care.
Founded in 2019 by digital health entrepreneurs Naomi Allen and Giovanni Colella, MD, Brightline provides a behavioral health solution built specifically to care for children, teens, and their families across a range of common challenges via multidisciplinary care teams, a family-focused approach, evidence-based care delivery, and innovative technology.
FinSMEs
17/06/2021