In recent years, there has been a growing recognition of the importance of mental health, and more people are seeking therapy and counseling services to address their well-being. However, despite this growing demand, access to high-quality, personalized mental health care remains a significant challenge for many individuals, particularly for those in underserved areas or those without access to specialized support. Octave, a behavioral health startup, is working to address these barriers, and with a recent funding boost, it’s poised to expand its impact even further.
Series A Funding Boost
Octave has successfully raised $11 million in Series A funding, bringing its total funding to $14 million, as tracked by Crunchbase. The investment round was led by Greycroft, a New York-based private equity firm, with additional backing from Obvious Ventures, a San Francisco-based venture capital firm. This funding will allow Octave to continue its rapid growth and expansion, furthering its mission of making mental health services more accessible and personalized for individuals nationwide.
Founded in 2018, Octave has quickly made a name for itself in the behavioral health sector. The company is focused on addressing gaps in mental health services by offering a combination of personalized in-person therapy, group therapy classes, and virtual coaching to people across the country. With a growing demand for mental health support, Octave’s model is particularly appealing as it combines the best of both traditional face-to-face therapy and the flexibility of virtual services.
Expanding Access to Mental Health Services
One of Octave’s core goals is to bridge the accessibility gap in behavioral health services. Although the company currently operates in just two markets—New York and San Francisco—its virtual coaching capabilities allow it to extend its reach to individuals in other parts of the United States and even internationally. This hybrid approach allows individuals who may not be able to attend in-person sessions in their local area to still receive high-quality coaching and therapy remotely.
With the newly raised funds, Octave plans to continue its national expansion. The company is scheduled to open its first office in San Francisco later this month and plans to open its second New York City office later this year. This is just the beginning, as the company looks to scale its services to more locations across the U.S., helping even more people access the mental health care they need.
Octave’s services are designed to address a wide range of mental health needs, from individual therapy sessions with licensed professionals to specialized group classes that cater to specific topics and concerns. This variety ensures that Octave can provide tailored care to individuals, whether they are dealing with anxiety, depression, relationship issues, or other mental health challenges.
Growing the Team and Provider Base
As Octave continues to grow, the company is also expanding its team. The startup is actively hiring more therapists to join its growing provider base. The goal is to triple the number of providers over the coming months, ensuring that it can meet the demand for services as it expands into new markets.
Octave is also looking to diversify its offerings by adding free and affordable classes that can further support individuals in their mental health journeys. These classes could range from stress management techniques to mindfulness practices, offering additional resources to those seeking to enhance their emotional well-being.
In addition to expanding its provider base and service offerings, Octave recently announced a major partnership with Anthem Blue Cross of California. This collaboration will make Octave an in-network provider for Anthem’s beneficiaries, which will significantly increase the accessibility of its services for those who rely on insurance coverage for their mental health care.
A Vision for Holistic Emotional Well-Being
Sandeep Acharya, the founder and CEO of Octave, has always been driven by a desire to create a platform that goes beyond just providing therapy. He wants to make it easier for people to find a great therapist, but also to create an environment where individuals can focus more deeply on their emotional well-being.
As Acharya explains in the press release announcing the Series A funding: “With Octave, I wanted to not only make it easier to find a great therapist, but also create a place that would allow people to focus more deeply on their emotional well-being. I’m excited to bring this concept to more people as we continue to grow and expand our practice into new markets.”
Octave’s holistic approach, which combines therapy with classes, coaching, and personalized care, is helping reshape how mental health services are delivered. The company aims to create a space where individuals can feel supported not only in their healing process but also in their overall emotional growth.
Looking Ahead
As Octave continues its growth trajectory, it will be exciting to see how it shapes the future of behavioral health care. By providing personalized, accessible therapy and coaching, and expanding its footprint across the country, the company is set to play a significant role in reducing the barriers to mental health services.
For those who have struggled to access care or have faced long waiting times for in-person appointments, Octave’s model represents a promising solution. With a commitment to improving mental health accessibility, expanding services, and providing affordable care, Octave is helping to pave the way for a brighter, more emotionally resilient future for people everywhere.
With the backing of key investors and a team dedicated to its mission, Octave is positioned to become a leader in the field of behavioral health, changing the way people experience mental health care for years to come.
