Eleanor Health Raises $50M in Series C Funding

Eleanor Health

A $50M Series C financing was closed by Eleanor Health, a Waltham-based provider of addiction and mental healthcare that provides comprehensive, whole-person care using population- and value-based payment methods.

General Catalyst was the leader of the round, with participation from existing investors Warburg Pincus or Town Hall Ventures as well as new participation by Northpond Ventures or Rethink Impact.

The company plans to use these funds to create new risk-based partnerships in population health, expand into new markets such as Texas, and to continue to build its proprietary care delivery system and analytics platform to scale its evidenced-based, data-driven whole-person care model across six markets.

Eleanor Health is led by Corbin Petro and Nzinga Harrison, the founders of the company. Eleanor Health offers evidence-based whole-person care, specializing in the complex needs of individuals and families with substance abuse disorders or mental health issues. To achieve clinical and financial results, the company relies on proprietary technology and data-driven insight, compassionate teams and population- and cost-based payments.

To date, Eleanor has launched local partnerships with Tufts, Amerigroup, Optum and a national partnership with Aetna’s commercial business. The company will be home to more than 60,000 members by the end of 2022.

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