Brooklyn, New York-based Valera Health, a leading provider of virtual psychiatric care, has raised $44.5 million in a previously unannounced funding round. According to a new filing with the Securities and Exchange Commission (SEC), the first sale in this round occurred at the end of August, with twelve investors participating. The round was first spotted by Exits & Outcomes, but details on the specific investors and the intended use of funds remain unclear. Behavioral Health Business has requested comment from Valera Health, and updates may follow as more information becomes available.
This latest funding brings Valera Health’s total capital raised to $64.2 million. Just over a year ago, the company completed an oversubscribed $15 million Series A extension led by New York City-based Windham Venture Partners. The additional capital will allow Valera Health to further grow its virtual psychiatric care offerings and expand its reach across the behavioral health landscape.
Bridging Mild to Serious Mental Health Needs
Founded in 2015, Valera Health offers virtual psychiatric care for both pediatric and adult patients, serving individuals with mild conditions as well as those managing serious mental illness (SMI). By covering a wide spectrum of mental health needs, Valera simplifies care delivery for its healthcare partners, ensuring patients receive appropriate support efficiently.
Co-Founder and CEO Dr. Thomas Tsang highlighted how this dual approach makes Valera Health a strong partner for providers and payers alike. With comprehensive services in therapy, medication management, and case management, patients can receive coordinated care through a single virtual psychiatric care platform.
From Telehealth to Hybrid Care
Until recently, Valera Health operated exclusively via telehealth, offering convenient virtual psychiatric care that removes geographic barriers and addresses provider shortages. The company recently opened its first physical office in Manhattan, signaling the start of a hybrid model while maintaining its strong virtual presence. Tsang noted the company is in the “very early days” of exploring additional office locations, but the focus on virtual psychiatric care remains central to its mission.
Services, Network, and Reach
Valera Health employs roughly 400 providers and partners with Medicaid, Medicare, and commercial health plans, making its services available to 37 million lives. The company’s virtual psychiatric care model ensures that patients across different insurance types can access quality mental health support without long wait times or geographic constraints.
Dr. Tsang shared that the reception from health partners has been overwhelmingly positive: “Every single health partner has welcomed us with open arms and said, ‘We need you, we want you, our patients need you.’” This enthusiastic response highlights the growing demand for accessible, scalable virtual psychiatric care solutions in today’s healthcare environment.
Looking Ahead
While specific plans for the newly raised $44.5 million are not yet clear, Valera Health is expected to continue expanding its virtual care services, strengthening partnerships, and potentially growing its hybrid care network. With tens of millions of patients now within reach, the company is well-positioned to continue innovating in the mental health space and improving access to critical psychiatric care across the United States.
