Talkiatry lands $130M funding round led by Andreessen Horowitz

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Source: Modern Healthcare
Author: Brock E.W. Turner
Date: June 18, 2024

Talkiatry, a virtual mental healthcare company, announced Tuesday it received a $130 million funding round led by venture capital firm Andreessen Horowitz.

The company declined to share how much of the round was for debt and equity. It said investment management firm Perceptive Advisors participated in the equity funding portion of the Series C round, with Banc of California providing the debt financing.  

Talkiatry CEO and co-founder Robert Krayn said the company plans to use the funding to prepare for an eventual initial public offering, hire additional providers and enter into future value-based contracts.

“Talkiatry can be a very successful stand-alone public company and that’s what we’re focused on,” Krayn said. But he emphasized there are no immediate plans to go public. “The market has to come a long way.”

Krayn, said leadership will prioritize value-based relationships and is planning additional partnerships with providers. In April, the company announced a referral partnership with physician clinics and urgent care centers owned by Nashville, Tennessee-based HCA Healthcare.

The company last closed a Series B round in September 2023 for $75 million. The new round brings the company’s total funding to $245 million.