Foley & Lardner LLP represented Valera Health, a leading virtual mental health provider, in its $44.5 million Series B funding round led by Heritage Group, a healthcare-focused private equity firm. Additional investors Horizon Healthcare Services, Cigna Ventures, and existing investors Windham Ventures, AXA Venture Partners, Aquiline Technology Partners, Trinnovate Venters, Figure Eight Investments, and Watershed VC also participated in the round.
Valera Health is a leading virtual behavioral healthcare practice that offers high quality care to patients through a team-based model that includes licensed therapists, nurse practitioners, case managers, and psychiatrists. Through partnering closely with healthcare systems and health plans, Valera delivers comprehensive clinical care to their patients and members. Valera is the only mental health provider with a comprehensive quality strategy based on NCQA HEDIS measures with an emphasis on evidence-based treatment plans, which allows the practice to manage high acuity mental health patients.
This most recent investment brings the New York-based company's total funding to over $71.4 million.
The Foley team was led by Partner Natasha Allen and Associate Ashley Lee and included Partners Nathan Beaver, Jennifer Hennessy, and Hannah Zaitlin and Associates Talita Duarte, Saige Gallop and Cayman Weimer.