Regroup, a leading virtual behavioral healthcare organization, recently closed a $5.5 million growth round of funding. Frist Cressey Ventures, Further Fund, HBS Angels of Chicago, HLM Venture Partners, Hyde Park Angels, OCA Ventures, and OSF Ventures, all among the group of Series A major investors, contributed to the round. "Our investors are investing in us, our mission and the great progress we've made in these last months. Their support allows us to make a meaningful difference in the lives of thousands of patients across the country who otherwise may not be able to access these badly needed behavioral health services," said David Cohn, Founder and CEO of Regroup.
Additional board members
Regroup will welcome two additional board members, Chris Booker of Frist Cressey Ventures and Vin Fabiani of HLM Venture Partners.
“The combination of technology and an extensive network of quality behavioral health providers is key to addressing one our nation’s biggest healthcare challenges. We are happy to partner with Regroup as it furthers its mission to expand access to behavioral health services,” commented Chris Booker, partner at Frist Cressey Ventures.
This recent round of funding will be used to further invest in Regroup's sales, clinical teams, and operations. Regroup recently added a CFO to its senior management team. Kim Hill, CPA, brings a diverse background in senior finance and operations in startups, mid-size and Fortune 100 companies.
"I am thrilled to join David and the other seasoned members of the Regroup leadership team as we enter this next phase of growth, transforming behavioral health service delivery," said Hill.
Regroup provides integrated telepsychiatry services to health care entities and their patients across the United States. With its nationwide network of behavioral health clinicians, proven process, and virtual care platform, Regroup provides services to over 100 care sites across settings including primary care, outpatient behavioral health, tribal communities, and corrections. For more information, visit regrouptelehealth.com.
Originally posted onPRLOG.com