Grow Therapy Raises $150M in Series D Funding at $3B Valuation
Grow Therapy is living up to its name. The New York based mental health platform closed a $150M Series D round, pushing valuation to $3B and total funding to $328M. TCV and Growth Equity at Goldman Sachs Alternatives led the round with fresh participation from BCI and Menlo Ventures. Familiar names returned to the table too: Sequoia Capital, SignalFire, and Transformation Capital. When that lineup keeps writing checks, it usually means something real is happening under the hood.
Jake Cooper, Co Founder and CEO, along with Co Founder and CTO Alan Ni and Co Founder Manoj Kanagaraj, have been building something deceptively simple. A system where therapists can run independent practices without drowning in insurance paperwork, billing headaches, or scheduling chaos. And where patients can actually find covered mental health care without spending three hours calling providers who stopped accepting insurance two years ago. Elegant ideas often hide inside very real frustrations.
The numbers tell the story in a language investors respect. Around 26,000 providers now operate through the Grow Therapy network. Partnerships with more than 125 health insurers extend potential access to roughly 220M people across the United States. That scale does not appear overnight. It comes from solving the messy operational layer of healthcare that most companies politely avoid.
Under the surface sits the technology that makes the machine hum. The platform bundles EHR, scheduling, billing, telehealth, and provider tools into one ecosystem designed specifically for behavioral health practices. Clinically guided AI note taking is already reducing provider documentation time by nearly 70% while outperforming manual notes in accuracy. The company has also introduced AI powered between session reflections that help deepen patient insight between appointments. Less paperwork. More care. Funny how obvious that sounds after someone finally builds it.
Leadership additions signal where things go next. Marshall Ball leading marketing, Gene Tabach running data, and Evie Alexander shaping design. Each role sharpening the engine that connects providers, insurers, employers, and health systems into one operating layer for mental health access.
The quiet truth about healthcare innovation is that breakthroughs rarely arrive as a single dramatic moment. They show up as infrastructure that slowly makes the system behave better. Grow Therapy is laying that infrastructure brick by brick, insurer by insurer, provider by provider, until access to mental health care feels less like a scavenger hunt and more like the way healthcare was supposed to work all along.