Virtual behavioral health company Valera Health scores $44.5M

In a growth equity fundraising transaction that was co-led by Heritage Group, Valera Health disclosed that it had raised $44.5 million. Along with current backers Windham Ventures, AXA Venture Partners, Aquiline Technology Partners, Trinnovate Ventures, Figure Eight Investments, Watershed VC, and Alsora Capital, Horizon Healthcare Services and Cigna Ventures also took part in the funding round. Crunchbase reports that the latest investment raises the company's total capital to over $71.4 million. For high-acuity patients with severe mental illnesses and severe depression, Valera created a virtual mental health platform. Patients can use the service to receive individualised care and to have a central location to manage their care if they are six years old or older.