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. This round brings the company’s total funding to approximately $73 million.
Mental health care in the United States faces three major challenges. Clinicians spend too much time on paperwork instead of seeing patients. Employers face complex processes and high costs per employee, which slow the rollout of benefits. Health plans have difficulty tying referrals to clinical outcomes. Despite growing demand, access is limited by administrative and cost barriers rather than a shortage 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 works with more than 200 health plans in all 50 states and reaches 93% of the commercially insured population. Clients can receive their first session within 12 hours.
Series C funding will help launch three new products. Tava Health’s Symphony is a free, AI-powered practice management platform for clinicians and group practices. This includes AI clinical scribes, AI-assisted treatment planning, scheduling, telemedicine, and clawback-protected billing from over 200 health plans.
TavaCare for Employers allows organizations to use Tava’s clinical network without a monthly fee per employee. Employers can fully sponsor sessions or leverage their employees’ existing insurance at no additional cost. Tava Guide provides health plans and care coordinators with a central location to submit 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, providing broader coverage than other platforms in the space.
Tava plans to use the new funding to improve its three-pronged platform, expand its clinical network, and expand its Symphony AI tool for providers nationwide.
The company says 87% of its customers have shown measurable improvement and it will use this data to further build partnerships with health plans and employers as it works to become the top behavioral health infrastructure in the United States.
