Tava Health, a Lehi-based healthcare startup, announced it raised $10 million in a Series A investment. The round was led by Rose Park Advisors, based in Boston, with participation from Peterson Partners, which invested in the company's seed round.
Other Series A investors include Toba Capital from Newport Beach, Contrary Capital from San Francisco, SaaS Ventures from Washington D.C., and SpringTide Investments, which recently established an office in Utah having invested in other Utah-based healthcare startups, PathologyWatch of Salt Lake City and Tula Health of Farmington.
The funds will be used to continue Tava Health’s mission to provide quality, online mental healthcare services for employees everywhere.
Company: Tava Health, Inc.
Round: Series A
Funding Month: December 2021
Lead Investors: Rose Park Advisors
Additional Investors: Peterson Partners, Toba Capital from Newport Beach, Contrary Capital from San Francisco, SaaS Ventures from Washington D.C., and SpringTide Investments
Company Website: https://www.tavahealth.com/
Software Category: Healthcare platform
About the Company: Tava Health was founded in 2019 by Dallen Allred, Cami Allred, Jason Ockey, and Spencer Gardner. The healthcare platform partners with employers to provide employees with high-quality mental healthcare resources and benefits. Tava Health is focused on the benefits of online therapy and mental health guidance. Tava has gathered statistically significant evidence that employees that engage with their platform are 63% less likely to leave their employer.