Talkiatry Raises $130M in Series C

Talkiatry, a NYC-based provider of an in-network psychiatric care, raised $130M in Series C funding.

The round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors. Debt financing was provided by Banc of California.

The company intends to use the funds to further enhance its continued expansion of its value-based care model for behavioral health.

Led by CEO Robert Krayn, Talkiatry is a national mental health practice that provides in-network psychiatry and therapy. Since its launch in 2020, Talkiatry has delivered telepsychiatry services across more than one million patient visits, including underserved populations that previously had little to no access to treatment. The company employs more than 300 full-time, licensed psychiatrists who serve patients with conditions including anxiety, bipolar disorder, depression, OCD, PTSD, and more, across 43 states. Talkiatry is in-network with more than 60 health plans, including Aetna, Blue Cross Blue Shield, United Healthcare, Cigna, and Humana, covering more than 70% of commercial lives in the U.S.

Commenting on the news, Robert Krayn said: “We’re thrilled to be part of the a16z family as we continue to bring more health plans into value-based contracts and expand to reach more Americans in need.”