Cortica Closes $40 Million Series D Extension Led by CVS Health Ventures, LRVHealth, and Other Strategic Investors, Bringing Round Total to $115 Million

"Founded to fix the fragmented care journey families typically experience when seeking diagnoses and treatments, Corticas whole-child, whole-family, value-based care model for autism spans medical treatment, neurodiversity-affirming behavioral therapy, developmental therapy (encompassing speech, occupational, physical, and music therapies), and family support and counseling.Corticas care model has shown improved outcomes across conditions that frequently co-occur with autism, including sleep disorders, seizures, psychiatric comorbidities, and gastrointestinal, communication, behavioral, and sensorimotor issues, among others while utilizing less than 50% of standard applied behavioral analysis volumes, limiting the use of antipsychotic and stimulant medications, and reducing emergency department and inpatient admissions.Cortica delivers on multiple metrics related to the healthcare effectiveness data and information set (HEDIS), one of the healthcare industrys most widely used performance tools. "After working closely with our strategic network and developing a deep thesis on autism, one of the most complex challenges in healthcare, were thrilled to have discovered and invested in Cortica," said Ellen Herlacher, principal at LRVHealth. CVS Health Ventures goal is to enable promising entrepreneurs to scale more quickly and effectively through access to their unmatched enterprise capabilities and consumer touchpoints, while offering expertise and insights from their companys unique perspective. Through a network of strategic limited partners that includes leading providers, payers, and vendors and touches half of all healthcare consumers in the U.S., LRVHealth applies industry knowledge and operational experience to early-stage companies focused on innovation. LRVHealths exclusive focus is helping to transform healthcare by forging partnerships among its network members and the entrepreneurs addressing the industrys biggest challenges and opportunities.