Funding Coincides with Launch of New Offerings Designed to Eliminate Cost Barriers to Mental Health Access
SALT LAKE CITY–(BUSINESS WIRE)–#CentanaGrowthPartners—Tava Health, a leader in technology-driven mental health services, today announced a $40 million Series C funding round led by Centana Growth Partners with participation from current investors Catalyst Investors, Blue Heron Ventures, Peterson Ventures, and Springtide Ventures. The raise marks a significant evolution for the company: from a mental health network into a full-stack behavioral health platform serving providers, employers, and health plans, powered by one infrastructure.
The funding coincides with the release of three new enhancements to Tava Health’s tech-driven mental health platform: an AI-powered clinic operating system; a zero-budget employer benefit; and a care-navigation suite.
Tava Health already reaches in network for nine in 10 commercially insured Americans through integrations with more than 200 health plans across all 50 states, with first-session availability in as little as 12 hours.
Making Outcome-Driven Care Accessible and Easy
“We raised this capital to invest deeply in our partners: the clinicians delivering care and the clinics managing the complexity behind it; the employers making care accessible and affordable for their employees; and the health plans moving beyond access toward real outcomes,” said Dallen Allred, Co-Founder and CEO of Tava Health. “When all three are better supported, the person sitting across from a clinician gets better care.”
Three New Products Across the Behavioral Health Lifecycle
Symphony by Tava Health: for Providers
For clinicians and group practices, the company is launching Symphony by Tava Health, a free, AI-assisted practice management platform purpose-built for behavioral health. The platform brings together an AI clinical scribe, AI-assisted treatment planning, integrated scheduling, and telehealth, and is designed to provide clawback-protected payment from more than 200 health plans, delivered within two weeks.
The administrative burden on mental health clinicians – including documentation, billing, coordination, and credentialing – routinely consumes hours that could otherwise go toward patient care. By eliminating that friction, Tava Health is directly expanding effective clinical capacity across its network and for providers nationwide.
TavaCare for Employers
TavaCare for Employers gives any organization access to Tava Health’s clinical network, plus the Tava Management Console – a free platform for bringing meaningful mental health benefits to their employees.
Employers choose how they want to offer TavaCare. For organizations that want to remove every financial barrier between an employee and the support they need, TavaCare can be fully sponsored – making sessions completely free for employees, with no copays, no insurance billing, and no out-of-pocket costs at the point of care.
For organizations that want to offer a meaningful benefit without a new budget line, TavaCare now works with employees’ existing insurance coverage — no per-employee-per-month fees, no procurement hurdles, no lengthy implementation cycles.
With TavaCare, standing up a best-in-class mental health benefit has never been easier.
Tava Guide: for Health Plans, Health Systems, and Care Coordinators
Rounding out the platform, Tava Guide gives health plans, health systems, and care coordinators a centralized hub to search for and generate referrals and track patient progress throughout their care journey – closing the loop between a referral and a clinical outcome.
Proven Infrastructure at Scale
Tava Health’s expansion is built on a foundation of demonstrated clinical performance. Eighty-seven percent of Tava clients show measurable clinical improvement, and the company’s nationwide coverage model has shown that scale and clinical quality are not in tension, they’re interdependent.
“Tava Health is setting the new standard for mental healthcare infrastructure, delivery, and support,” said Sarah Kim, Partner at Centana Growth Partners. “While healthtech continues to benefit from technology and AI, Tava Health’s ability to solve administrative friction for providers while simultaneously removing the cost barrier for employers positions them as one of the most compelling mental health platforms in the market today.”
About Tava Health
Tava Health is a leader in innovative mental health services, dedicated to improving mental well-being and fostering a healthier world. We combine cutting-edge technology with personalized care to make mental health support accessible, effective, and scalable through organizations of all sizes. Our mission is to break down barriers to mental health care, ensuring everyone has the resources they need to thrive. For more information, visit www.tavahealth.com.
About Centana
Centana Growth Partners is a specialized growth equity firm that invests in the future of finance. Centana collaborates with companies across the entire financial services ecosystem, from institutions to fintech disruptors, to add strategic and long-term value to their portfolio companies. Centana empowers entrepreneurs with a combination of capital, network, and expertise to accelerate their growth. The Centana team taps into decades of financial services expertise and insight to invest in companies that bring real value and innovation to the industry. Visit centana.com for more information.
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