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Alma Raises $50M In Series C Funding To Help Therapists Meet Rising Demand For In-Network Mental Health Care

Aug 31, 2021•almost 4 years ago

Amount Raised

$50 Million

Round Type

series c

Description

Alma, a membership-based network for mental health care providers to build and scale their practices, has announced $50 million in Series C funding. The round is led by global private equity and venture capital firm Insight Partners, with participation from Optum Ventures, Tusk Venture Partners, Primary Venture Partners, Sound Ventures, BoxGroup and Rainfall Ventures. This investment brings the company's total funding to $90.5M and will fuel Alma's national expansion and support therapists across the country to offer affordable, in-network care.

Company Information

Company

Alma

About

The company has closed a $130 million Series C round (€115 million). The company has partnered with 6,000 merchants so that they offer more flexibility for expensive purchases. But the company also offers different plans. It doesn’t charge late payment fees as the company thinks it isn’t aligned with the consumers’ interests. Some companies, such as PayPal, have dropped late fees on BNPL installments. At some point during the first half of 2022, the company will let you generate virtual cards to pay in multiple installments everywhere. The startup works with Alain Afflelou, Etam, Galeries Lafayette, Printemps and Ankorstore. The company recently expanded to other markets. Finally, Alma has a payment option that lets you buy something and pay 15 or 30 days later.

Funding Insights

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