Alma Expands Mental Health Network Buoyed By $28M Series B

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Alma, a membership-based network for mental health care providers, is the latest startup in the space to receive venture capital funding. Typically, mental health providers do not accept insurance, and an average session can cost between $150 and $500, he told Crunchbase News. “Prior to the global pandemic, we saw opioids and teen suicide, but now we are seeing more of that, as well as a wave of real pain and suffering from inadequate services. Alma is currently being used by mental health providers in New York, New Jersey and Connecticut, but Ritter intends to expand across the country. Devor said in an interview that a key thesis for Insight was looking for companies exploring ways to boost technology in behavioral health.

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