Tava Health has raised $40 million in Series C funding, led by Centana Growth Partners. Catalyst Investors, Blue Heron Ventures, Peterson Ventures, and Springtide Ventures also participated. With this round, the company’s total funding is now about $73 million.
Mental healthcare in the US faces three main challenges. Clinicians spend too much time on paperwork instead of seeing patients. Employers face complex processes and high per-employee costs, which slow benefit rollout. Health plans have trouble connecting referrals to clinical results. Even though demand is growing, access is limited by administrative and cost barriers, not by a lack of clinicians.
Tava Health was founded in 2019 by Dallen Allred, Jason Ockey, and Spencer Gardner and is based in Salt Lake City, Utah. Tava connects with over 200 health plans in all 50 states, reaching 93% of the commercially insured population. Clients can get a first session within 12 hours.
The Series C funding will help launch three new products. Symphony by Tava Health is a free, AI-powered practice management platform for clinicians and group practices. It includes an AI clinical scribe, AI-assisted treatment planning, scheduling, telehealth, and billing with protection from clawbacks from over 200 health plans.
TavaCare for Employers lets organisations use Tava’s clinical network without per-employee monthly fees. Employers can fully sponsor sessions or use employees’ existing insurance at no extra cost. Tava Guide gives health plans and care coordinators a central place to send referrals and track clinical outcomes from start to finish.
Tava competes in the employer mental health market alongside companies such as Lyra Health, BetterHelp, Headspace Health, and Quartet Health. Unlike most competitors, Tava’s platform serves providers, employers, and payers simultaneously, offering broader coverage than others in the field.
Tava plans to use the new funding to improve its three-sided platform, grow its clinical network, and expand Symphony’s AI tools for providers nationwide.
The company says 87% of clients show measurable improvement and will use this data to build more partnerships with health plans and employers as it works to become the top behavioural health infrastructure in the US.