Grow Therapy Lands $150M in Series D, Hits $3 Billion Valuation
March 5, 2026, 3:37 pm
Location: United States, California, San Francisco
Employees: 11-50
Founded date: 2015
Total raised: $6.4M
Grow Therapy secured $150M in Series D funding, reaching a $3B valuation. The mental health platform empowers providers, connecting 220M Americans to insurance-covered therapy. It boasts $1B+ annual revenue and profitable growth. Funds fuel expansion into health systems and employers, enhancing AI-driven tools for efficient care and improved patient outcomes.
Grow Therapy commands attention. The mental health platform just secured $150 million in Series D funding. This round catapults its valuation to a striking $3 billion. Total capital raised now stands at $328 million. TCV and Growth Equity at Goldman Sachs Alternatives led the financing. New investors BCI and Menlo Ventures joined the established backers. Sequoia, SignalFire, and Transformation Capital reaffirmed their commitment. This significant investment underscores strong market confidence. It recognizes Grow Therapy's impactful strategy and rapid ascent in the mental health space.
Grow Therapy's mission is clear. It empowers mental health providers across the nation. They deliver crucial in-person and online therapy. Psychiatric care is also central to its offerings. The platform simplifies complex administrative tasks for clinicians. Insurance accreditation and billing processes become seamless. This liberates providers, allowing them to focus solely on patient care. The company connects patients with therapists. These services are covered by insurance, expanding critical access. Over 220 million Americans can now access care. This network spans more than 125 health plan partners. Medicare and Medicaid are included, ensuring broad reach.
The platform demonstrates profound impact on individuals. Over two million people have utilized Grow's services. Lifetime appointments reached 10 million milestones. Seven million visits alone occurred in 2025. Client satisfaction is remarkably high. Nine out of ten clients strongly recommend the service. It boasts an 85 Net Promoter Score, a strong indicator of loyalty. Measurable symptom improvement is also reported. Eighty percent of clients see positive changes. This often happens within 30 days of starting treatment. Cost remains a key factor in healthcare access. Grow Therapy clients pay an average of $21 per visit. A third of users pay nothing out of pocket. This affordability boosts crucial access to mental healthcare.
Innovation drives Grow Therapy's competitive edge. The company aggressively invests in technology development. Its platform constantly evolves with new features. Scheduling, billing, and electronic health records are continuously enhanced. A standout feature is AI-assisted notes. These are clinically guided and offered free to providers. Provider documentation time plummeted by nearly 70 percent. Accuracy remains consistently high. The company earlier acquired AI assistant Tenor, strengthening its AI capabilities. Patients also benefit directly from AI. A new mobile app offers AI-driven tools. These support clients between sessions. With consent, insights from the app can inform future appointments. This integrated approach elevates the standard of care.
Grow Therapy is strategically expanding its reach. New integrations are deepening across key sectors of the healthcare ecosystem. Health plans, health systems, and employers are all target areas. Partnerships include major insurers like Guidewell and its care navigation partner Lucet. These collaborations aim to improve clinical outcomes for members. They also seek to lower total costs for health plans. Enhanced member experience is a shared goal. The platform is also extending into health systems directly. Circle Medical is a notable partner in this expansion. This enables more coordinated referrals between providers. Smoother transitions from screening to treatment are crucial for comprehensive care. Employer-sponsored mental health programs are another significant focus. Employee assistance programs now merge seamlessly with health plan coverage. Employees can transition to insurance-covered care without changing their trusted providers.
The mental health market is highly competitive and dynamic. Grow Therapy operates amidst strong players. Companies like Headway and Alma have gained significant traction. Alma was recently acquired by Spring Health, signaling market consolidation. Other adjacent startups also eye the mental health space. Sword Health, primarily a physical therapy provider, now expands into mental health services. The demand for accessible, high-quality mental health services continues to surge nationwide. This environment makes continuous innovation and strategic alliances vital for sustained growth. Grow Therapy's distinct value proposition stands out. Its rigorously vetted network delivers measurable improvements in mental health. It skillfully complements existing health benefits, offering integrated solutions.
Financial strength underpins Grow Therapy's rapid growth trajectory. The company achieved profitability in 2023, a significant milestone. Annual revenue now exceeds an impressive $1 billion. This robust financial performance fuels further expansion initiatives. The new capital will specifically target employer and primary care markets for deeper penetration. Technology development remains a core priority for ongoing investment. CEO Jake Cooper envisions even deeper AI integration in the future. AI could further assist clinicians in their daily work. It could extract vital clinical data to enhance treatment. An initial public offering (IPO) is not currently a focus for the company. Grow Therapy sees continued strong support in private markets. They believe private funding offers a more effective path for company growth at this stage.
Grow Therapy reshapes mental healthcare access fundamentally. Its platform bridges critical gaps in the system. It connects countless individuals to vital, often life-changing, services. It empowers providers with crucial tools for efficiency and effectiveness. Insurance coverage becomes a facilitator, not a barrier, for patients seeking help. Technology, especially advanced AI, optimizes every interaction within the platform. This holistic approach ensures effective, affordable, and increasingly accessible mental healthcare. Grow Therapy leads a significant transformation in the industry. It builds a more connected and responsive mental health ecosystem. Its future trajectory looks strong, aiming for sustained, impactful growth and improved well-being nationwide.
Grow Therapy commands attention. The mental health platform just secured $150 million in Series D funding. This round catapults its valuation to a striking $3 billion. Total capital raised now stands at $328 million. TCV and Growth Equity at Goldman Sachs Alternatives led the financing. New investors BCI and Menlo Ventures joined the established backers. Sequoia, SignalFire, and Transformation Capital reaffirmed their commitment. This significant investment underscores strong market confidence. It recognizes Grow Therapy's impactful strategy and rapid ascent in the mental health space.
Grow Therapy's mission is clear. It empowers mental health providers across the nation. They deliver crucial in-person and online therapy. Psychiatric care is also central to its offerings. The platform simplifies complex administrative tasks for clinicians. Insurance accreditation and billing processes become seamless. This liberates providers, allowing them to focus solely on patient care. The company connects patients with therapists. These services are covered by insurance, expanding critical access. Over 220 million Americans can now access care. This network spans more than 125 health plan partners. Medicare and Medicaid are included, ensuring broad reach.
The platform demonstrates profound impact on individuals. Over two million people have utilized Grow's services. Lifetime appointments reached 10 million milestones. Seven million visits alone occurred in 2025. Client satisfaction is remarkably high. Nine out of ten clients strongly recommend the service. It boasts an 85 Net Promoter Score, a strong indicator of loyalty. Measurable symptom improvement is also reported. Eighty percent of clients see positive changes. This often happens within 30 days of starting treatment. Cost remains a key factor in healthcare access. Grow Therapy clients pay an average of $21 per visit. A third of users pay nothing out of pocket. This affordability boosts crucial access to mental healthcare.
Innovation drives Grow Therapy's competitive edge. The company aggressively invests in technology development. Its platform constantly evolves with new features. Scheduling, billing, and electronic health records are continuously enhanced. A standout feature is AI-assisted notes. These are clinically guided and offered free to providers. Provider documentation time plummeted by nearly 70 percent. Accuracy remains consistently high. The company earlier acquired AI assistant Tenor, strengthening its AI capabilities. Patients also benefit directly from AI. A new mobile app offers AI-driven tools. These support clients between sessions. With consent, insights from the app can inform future appointments. This integrated approach elevates the standard of care.
Grow Therapy is strategically expanding its reach. New integrations are deepening across key sectors of the healthcare ecosystem. Health plans, health systems, and employers are all target areas. Partnerships include major insurers like Guidewell and its care navigation partner Lucet. These collaborations aim to improve clinical outcomes for members. They also seek to lower total costs for health plans. Enhanced member experience is a shared goal. The platform is also extending into health systems directly. Circle Medical is a notable partner in this expansion. This enables more coordinated referrals between providers. Smoother transitions from screening to treatment are crucial for comprehensive care. Employer-sponsored mental health programs are another significant focus. Employee assistance programs now merge seamlessly with health plan coverage. Employees can transition to insurance-covered care without changing their trusted providers.
The mental health market is highly competitive and dynamic. Grow Therapy operates amidst strong players. Companies like Headway and Alma have gained significant traction. Alma was recently acquired by Spring Health, signaling market consolidation. Other adjacent startups also eye the mental health space. Sword Health, primarily a physical therapy provider, now expands into mental health services. The demand for accessible, high-quality mental health services continues to surge nationwide. This environment makes continuous innovation and strategic alliances vital for sustained growth. Grow Therapy's distinct value proposition stands out. Its rigorously vetted network delivers measurable improvements in mental health. It skillfully complements existing health benefits, offering integrated solutions.
Financial strength underpins Grow Therapy's rapid growth trajectory. The company achieved profitability in 2023, a significant milestone. Annual revenue now exceeds an impressive $1 billion. This robust financial performance fuels further expansion initiatives. The new capital will specifically target employer and primary care markets for deeper penetration. Technology development remains a core priority for ongoing investment. CEO Jake Cooper envisions even deeper AI integration in the future. AI could further assist clinicians in their daily work. It could extract vital clinical data to enhance treatment. An initial public offering (IPO) is not currently a focus for the company. Grow Therapy sees continued strong support in private markets. They believe private funding offers a more effective path for company growth at this stage.
Grow Therapy reshapes mental healthcare access fundamentally. Its platform bridges critical gaps in the system. It connects countless individuals to vital, often life-changing, services. It empowers providers with crucial tools for efficiency and effectiveness. Insurance coverage becomes a facilitator, not a barrier, for patients seeking help. Technology, especially advanced AI, optimizes every interaction within the platform. This holistic approach ensures effective, affordable, and increasingly accessible mental healthcare. Grow Therapy leads a significant transformation in the industry. It builds a more connected and responsive mental health ecosystem. Its future trajectory looks strong, aiming for sustained, impactful growth and improved well-being nationwide.