Tava Health, one of the fastest-growing digital behavioral health startups in the U.S., has raised $40 million in a Series C round.
So far, the company has raised $73 million since 2020, including historical funding data from Crunchbase. It announced the completion of a $20 million fundraise in March 2024. In this latest round, Centana Growth Partners led the investment. Catalyst Investors, Blue Heron Ventures and Peterson Ventures — all previous investors in other rounds — also participated, according to a statement from the company.
“We raised this capital to invest deeply in our partners: the clinicians delivering care, the clinics managing the complexity behind it, and the health plans moving beyond access toward real outcomes,” Dallen Allred, co-founder and CEO of Tava Health, said in the statement. “When all three are better supported, the person sitting across from a clinician gets better care.”
Tava Health partners with employers to give commercial health plan members access to a marketplace of mental health providers. Like other therapy marketplaces or therapist enablement platforms, Tava Health offers clinicians an electronic health record (EHR), practice management software and other services to enable in-network practice. The software is free for participating therapists.
The company employs about 100 people. Approximately 5,000 mental health providers are a part of the Tava Health network.
The new funding round will accelerate the development or launch of three new products:
— Overture by Tava Health: a new system to offer employers a sponsored option to access the Tava Health network, where the employer foots the cost of therapy on behalf of employees or accesses it under an employer’s existing health plan arrangement.
— Symphony by Tava Health: a free, AI-assisted practice management platform for mental health clinicians and group practices. It also includes an AI clinical scribe, AI-assisted treatment planning, integrated scheduling and telehealth. This product is still in the works and will be available mid-2026.
— Tempo by Tava Health: A hub for care navigators at health plans and health systems to search for and generate referrals and track patient progress.
Tava Health claims its network is accessible to 93% of the country’s commercially insured population via integrations with over 200 health plans. It is also accessible in all 50 states, according to the statement.
The funding will also help accelerate the company’s growth. Inc. 5000 recognized the company in 2025 as among the fastest-growing private companies in the U.S. In the three years ending in 2024, Tava Health’s revenue grew 952%.
“Tava Health is setting the new standard for mental healthcare infrastructure, delivery, and support,” Sarah Kim, partner at Centana Growth Partners, said in the statement. “While healthtech continues to benefit from technology and AI, Tava Health’s ability to solve administrative friction for providers while simultaneously removing the cost barrier for employers positions them as one of the most compelling mental health platforms in the market today.”