Alleva, a Laguna Niguel, CA-based company dedicated to providing software to the behavioral health industry, announced that it raised $12 million in Series A funding.
The round was led by Ankona Capital, with participation from existing investors, including Dealer Socket Founder Jonathan Ord.
This funding will fuel Alleva's upward growth trajectory and support product development and expansion to meet demand.
"The focus of this raise is to continue to bring sophisticated technology to more users in the behavioral health space," said Steven McCall, CEO of Alleva. "Customers who leverage their existing EMR data with our business intelligence tool have improved efficiency and profitability, often exceeding their business goals. More importantly, they've seen improved outcomes for their patients. We've created a paradigm shift in treatment and set the bar for what data can do. We look forward to working with the Ankona team to expand our market penetration."
Company: Alleva Corp.
Round: Series A
Funding Month: October 2022
Lead Investors: Ankona Capital
Additional Investors: Jonathan Ord
Company Website: https://helloalleva.com/
Software Category: Mental Health Software
About the Company: Founded in 2016 to bring advanced technology to an underserved space, Alleva is an EMR platform in behavioral health. Alleva simplifies reporting, compliance, and workflow optimization with a cloud-based EMR, integrated CRM, and a powerful business intelligence tool. The platform provides insights for evidence-based care and data-driven decisions. Its intuitive, task-based dashboard enables clinicians to spend less time charting and more time improving the lives of those suffering from mental illness and addiction. Its mission is to save and improve the lives of those suffering from mental health and addiction issues by supporting those that care for them through technology. Its products push the boundaries of technology to simplify and streamline the daily tasks of medical professionals. Alleva has also created similar technology for patients, providing accessible tools and resources to help nurture recovery. Its team includes licensed therapists, industry professionals, and experienced software developers passionate about helping the helpers.