Equip Raises $58M in Series B Funding
Summary
, a San Diego, CA-based provider of virtual, evidence-based eating disorder treatment in the U.S., raised $58M in Series B funding. The round, which brought the company’s total funding to $75M, was led by The Chernin Group (TCG), joined by Tiger Global and General Catalyst, as well as existing investors F-Prime Capital, Optum Ventures, and .406 Ventures. Led by Kristina Saffran, CEO, and Dr. Erin Parks in 2019, Equip is a provider of virtual, evidence-based eating disorder treatment in the U.S. Built on the Family-Based Treatment (FBT) model, Equip uses a five-person dedicated care team – including a therapist, dietitian, physician, and peer & family mentor – to support patients in their recovery journey. Since launching in 2020, the company has expanded to 40+ states and is in-network with 10 major commercial health insurance plans, as well as Partnership HealthPlan, offering Medicaid coverage to underserved communities.
Funding
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