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Announced

VMG Partners led a $22m Series A round in Mantra Health.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Health Care Services

Acquisition

Friendly

United States

Private Equity

Domestic

digital mental healthcare

Private

Completed

Venture Capital

Synopsis

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VMG Partners, a private equity firm, led a $22m Series A round in Mantra Health, a digital mental healthcare company, with participation from New Market Venture Partners, Elements Health Ventures, 14W, Alumni Ventures, Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments, and City Light Capital. "As investors in digital health, we've seen how specialization really enables companies to provide the best care possible through new forms of care and delivery models. Mantra Health has emerged as the preferred provider for universities/colleges given their collaborative and tailored approach to delivering quality mental health for young adults and their unique campus lives," Ally Tam, VMG Partner.

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